ABUJA, Aug 17 (Reuters) - Nigeria expects to spend a record
12.65 trillion naira ($33.20 billion) in 2021 despite severe
revenue constraints, according to an outlook released by the
Finance Ministry on Monday.
The spending by Africa's largest economy, still reeling from
low oil prices and the new coronavirus pandemic, is a 17.2% jump
from the record 10.8 trillion naira budgeted this year.
The projected debt servicing payments would consume 3.1
trillion naira of the spending, or just under 25%.
($1 = 381.0000 naira)