ECA shrinks from $35million to $376,655

The Federal Government has drawn down the Excess Crude Account  (ECA) to $376,655.09 from $35.377 million in May, this year. This means that in one month the government withdrew $35,000,344.91from the ECA. The ECA is supposed to be a savings buffer meant to steady the government’s revenue and serve as a bailout for the economy in dire times. The information about the ECA’s draw-down is…
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