The Federal Government has projected total revenue of N50.74 trillion for 2026, alongside a targeted economic growth rate of 4.68 per cent, while its proposed 2026 deficit has risen so sharply that it now exceeds the entire national budget of 2022 by N2.78tn, The PUNCH reports.
This deficit likely means the government plans to borrow about 16.1 per cent more than what the entire country spent in 2022. The scale of the gap, combined with the high debt service bill, signals a more difficult fiscal year ahead.