Many companies incur expenses that provide benefits in future years. A business must capitalize most of these expenditures. However, some of the expenses are annual, recurring items. The Seventh ...

County governments spent most of their budgets on personal emoluments in the first nine months of the last financial year. This was at the expense of development, according to a new report by the ...

Capital expenditure for development activities of the President sees remarkable increase of Rs. 8.2 billion in 2026 from Rs. 100 million in 2025 Recurrent expenditure of the President remains the same ...

The Lagos Chamber of Commerce & Industry (LCCI) has rejected plans by the Federal Government to make provision of N4.79 trillion (inclusive of N750.04 billion for Government-Owned Enterprises (GOEs) ...

Warri (Delta State) – Malam Sanusi Lamido Sanusi, Governor, Central Bank of Nigeria (CBN), on Tuesday called for improvement of the nation’s infrastructure for sustainable economic growth. Sanusi made ...

Sen. Udoma Udo Udoma, the Minister of Budget and National Planning, said recurrent releases to Federal Ministries, Departments and Agencies (MDAs) under the 2017 budget had reached N4.24 trillion.

COLOMBO, Jan 17 (Reuters) - Sri Lanka's cabinet said on Tuesday that it will cut its recurrent budget expenditure by 6% in 2023 as the country battles its worst financial crisis in seven decades and ...

President Muhammadu Buhari presented the Federal Government 2021 proposed budget before a joint sitting of the National Assembly on 8 October 2020. The Federal Government plans to spend N13.08 ...

NAIROBI, Sept 29 (Reuters) - Kenya's new President William Ruto instructed the finance ministry on Thursday to cut 300 billion shillings ($2.5 billion) from annual government spending this year, to ...