Abuja - The federal government may end up borrowing over N1trillion to finance the 2014 budget.
The figure is N429 billion higher than the N571.1billion earmarked for the exercise in the 2014 budget proposal, reports The Nation.
The increasing fiscal deficit - the gap between expenditure and revenue has been blamed for the overshot.
The trend is following a similar pattern. In 2013, the government intended to borrow N577.1 billion but ended up borrowing approximately N900billion.
Read more at The Nation.
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