He said Net Federal Revenues for the upcoming fiscal year have been estimated at Rs 3.46 trillion
against the revenues of Rs 3.07 trillion
during current fiscal year which is 13 percent higher.
Buhari said the expected income consisted of oil revenue projected at N3.73 trillion
, and non-oil revenue estimated at N1.39 trillion
But by end-next year the government expects its debt to amount P8.12 trillion
, with P1.9 trillion
in additional borrowings as well as P1.14 trillion
in principal payments programmed for 2019.
Total resources of big banks or universal and commercial banks rose 10.6 percent P14.55 trillion
from P13.15 trillion
, while that of mid-sized banks or thrift banks climbed 5.1 percent to P1.24 trillion
from P1.18 trillion
The realization of investment in the second quarter of 2018 at the amount of Rp176.3 trillion
consists of foreign direct investment (PMA) Rp95.7 trillion
and domestic investment (PMDN) Rp80.6 trillion
This has seen the country resort to expensive short-term loans from international lenders.For the period to June 2018, foreign commercial banks accounted for 37.85 per cent (Sh968.9 billion) of the Sh2.56 trillion
The country's domestic debt grew by 3.5 percent compared to the end-May 2018 level of P4.424 trillion
. It was 9.4 percent than last year's P4.186 trillion
debt in June.
India will be recording the fastest growth of 200 per cent over 10 years to emerge as the fourth wealthiest country in the world with a private wealth of $24.69 trillion
, overtaking the UK and Germany, reveals a report by AfrAsia Bank.
According to the finance ministry, state liabilities recorded in the consolidated financial statement stood at 1555.8 trillion
won last year, up 122.7 trillion
won from the previous year.
North American firms' assets decreased by 1.1% to $44 trillion
, those managed by European firms, including managers in the U.K., fell by 3.3% to $25 trillion
, and assets of Asian managers and rest of the world were down by 4% to $3.6 trillion
The consolidated fiscal account posted a deficit of 0.2 trillion
won, and excluding social security funds, the fiscal account registered a deficit of 38.0 trillion
retirement assets reached $24.2 trillion
at the close of the 3rd quarter of 2014, a total unchanged from the end of the second quarter, according to new research.
The company reported quarterly net profit of (KRW) 4.22 trillion
won ($4 billion), or 8.9 percent of sales.
PT Bank Negara Indonesia Tbk reported Rp2.07 trillion
in net profit in the first quarter of 2013, up 34.35% from Rp1.54 trillion
in the same period in 2012.
Summary: Lebanon's budget deficit increased to LL5.252 trillion
($3.49 billion), or 28.67 percent of expenditures, in the first 11 months of 2012 compared to LL2.940 trillion
($1.95 billion), or 18.76 percent, during the same period in 2011.