Federal Government says it has projected to spend N900 billion on subsidy payout to oil marketers in 2022.
Minister of Finance Budget and National Planning disclosed this on Thursday at the presentation of the Medium Term Expenditure Framework/Fiscal Strategy Paper for 2022-2024 in Abuja
The minister also disclosed that the Federal Government will spend N13.98trillion in the 2022 fiscal year.
Government said it will slash capital expenditure to N3.61trillion in 2022, from the N4.37trillion approved for 2021.