“The issue that was raised by the Edo State governor, for me, is very sad because it is not a fact. What we distribute at FAAC is revenue that is generated and in fact, distribution revenue is public information. xThe minister added that despite Obaseki’s alarm over the country’s rising debt profile, the nation’s debt was still within sustainable limits. You can look at all the reports that you see from multilateral institutions, those facts are stated.”ACROSS the world, many times, governments have two basic choices for financing their deficits: they can borrow (issue debt) or raise taxes. Money printing, more technically known as monetisation or “money-financed fiscal programmes” occurs when the government finances itself by issuing non-interest-bearing liabilities.

Source: The Guardian April 15, 2021 04:46 UTC