FG revenue falls 12.6% below budget as non-oil receipts drop

FG revenue falls 12.6% below budget as non-oil receipts drop

The Federal Government revenues for May 2013 were 12.6 percent below the budgeted estimates, largely as a result of weaker non-oil revenues. The decline, relative to the monthly budget estimate, reflected largely the low receipts from Customs and Excise Duties, VAT, and the Education Tax Fund. The Economic Report of May 2013 released by the…

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