.jpg)
Quick Links Social Media
Monetary Policy
MPC Mandate of the CBN | Calendar of Meetings | Fiscal Policy | Conduct of MPC | Committees | Educational | FAQ's | Policy Decisions | MPC Minutes of Meeting | Policy Communiqués | Intl. Economic Cooperations | Monetary Policy Review | Policy Measures | Understanding Monetary Policy Series
The Conduct of Fiscal Policy
Fiscal Policy 1993
The 1993 policy thrust focused on addressing the sluggish performance
of the productive sectors, especially the manufacturing sector, enhancement of
private sector involvement in productive activities, unemployment, the
depreciating Naira and external debt problem.
In 1993, the retained revenue of the Federal Government rose by N9, 833.1 million or 15.5 per cent to N73, 397.9 million. Government expenditure increased in an aggregate by N66.801.1 million or 62.0 percent to N174, 524.4 million. Accordingly, the overall budget deficit of the government amounted to N101, 126.5 million, representing an increase of N45, 177.4 million or 80.8 per cent over the previous year.
| Facts : 1/1/1995 |
|---|
| Magnetic Ink Character Recognition:The Magnetic Ink Character Recognition (MICR) which is an automated system for sorting cheques and other financial instrumenTS. This facility came into effect in the early part of 1995. |
| See All: Facts | Events |
| Related Links |
|---|
