Budget of “Growth” raises doubt amid high debts, low incomes
President Muhammadu Buhari yesterday ,before a joint session of the National Assembly ,unveiled a record N16.39 trillion “Budget of Economic Growth and Sustainability” for 2022,with a projected 25 percent year-on-year rise in government spending as the economy struggles with the impact of the pandemic. The President, decked in a white agbada, said he expects the total fiscal operations of the Federal Government to result in a deficit of N6.26 trillion, representing 3.39 percent of estimated GDP, slightly above the three…