Fg recorded n910bn fiscal deficit in three months cbn
It seems like you're referring to a news article or a financial report. Here's a breakdown of what you've shared:
- "fg" likely stands for "Federal Government" of Nigeria.
- "recorded" means that the Federal Government has reported or documented this information.
- "n910bn" is the amount of fiscal deficit recorded by the Federal Government in three months.
- "CBN" stands for "Central Bank of Nigeria", which is the country's central bank.
So, the article or report is stating that the Federal Government of Nigeria recorded a fiscal deficit of N910 billion (approximately $2.5 billion USD) in just three months, as reported by the Central Bank of Nigeria.
Fiscal deficit occurs when a government's expenditures exceed its revenues, resulting in a shortfall in its budget. This can be a concern for a country's economy, as it may lead to increased borrowing, inflation, and decreased economic growth.
Would you like me to help you find the original source of this information or provide more context about the fiscal deficit in Nigeria?