Nigeria deficit widens in amended 2012 budget plan

ABUJA (Reuters) - Nigeria has revised upwards its outlook for the budget deficit this year due to the cost of partially reinstating petrol import subsidies and said it would partly pay for them by raiding its crude oil savings. The Finance Ministry said on Thursday the 2012 deficit would reach 2.97 percent of gross domestic product, up from 2.77 percent in its previous fiscal plans outlined in ...
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Added February 16, 2012
from Yahoo Nigerian News