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Vol 54 No 24

Published 22nd November 2013


Deficit blues

Tough times are looming after years of high growth and political stability in an oil and gold producing economy

The harsh realities behind Finance Minister Seth Terkper’s budget speech on 19 November suggest a turbulent year ahead for the government. Officials recommend some tough and unpopular corrective measures to tackle the two big worries: a budget deficit that is still high and a sharply rising burden of public debt. Political strategists worry about how this will play out in relation to the election timetable.

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