The Federal Government is projecting a revenue target of N10.7 trillion for the 2022 fiscal year.
This was revealed by the Minister of Finance, Zainab Ahmed at a public presentation and breakdown of the 2022 Appropriation Bill in Abuja, on Tuesday.
The minister said that the figure was 32 per cent higher than the N8.1 trillion projected in 2021.
According to the bill, debt servicing is envisioned to gulp N3.6 trillion.
Ahmed further said that the 2022 budget has a deficit of N6.3 trillion and would be financed from domestic, foreign, multilateral loans and proceed from privitisation.
She added that a total of N2.5 trillion is expected from domestic sources and N2.5 trillion from foreign sources.
According to her, N1.1 trillion will be from bilateral loans and N90 billion from privatisation proceeds.