In the reviewed bill, the government slashed the recurrent expenditure from N76.5 billion to N66.9 billion, while the capital expenditure was also reduced from N76.6 billion to N61.8 billion.
"The aggregate expenditure is estimated at N26.01tn for the 2024 budget, which includes statutory transfers of N1.3tn non-debt recurrent expenditure of N10.26tn.
The fiscal document which was signed into law then by Acting President Yemi Osinbajo on June 12, 2017 had a total expenditure of N7.44tn out of which N2.99tn was for non-debt recurrent spending, N2.36tn for capital expenditure while debt servicing
The tyre expenditure revelations add to concerns over the Tinubu administration's priority spending as Nigeria faces revenue shortages, burgeoning debt and significant debt servicing costs.
According to the approved budget breakdown, N120.8 billion is for debt servicing, N287.38 billion is for recurrent (non-debt) expenditure, and N1.077 trillion is for capital expenditure.
With the addition of González, Manchester City's total expenditure in the January transfer window has surged to approximately €210 million, following the previous signings of Omar Marmoush and Abdukodir Khusanov.
On the forthcoming budget presentation by President Muhammadu Buhari, Namdas said the House would first of all pass the 2018-2020 Medium Term Expenditure Framework (MTEF), before considering the bill to pave way for the consideration of the
Actress Osas Ighodaro is not the only celebrity who lamented about the high expenditure and inflation in the country. The likes of Mofe Duncan, Comedian Layi Wasabi, and many others have sung the same song recently.
President William Ruto of Kenya has announced key austerity measures aimed at addressing public discontent and cutting government expenditure amid protests in the East African country.
President Muhammadu Buhari on Tuesday, sent the 2018-2020 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) to the House of Representatives, with three months to the end of the financial year.
"ASUU believes that if the leakages in the management of the country's resources are stopped, there will be more than enough to meet the nation's revenue and expenditure targets without borrowing and plunging the country into a debt crisis as
He argued that unless Nigeria cuts the cost of governance and strictly prioritizes expenditure on areas of growth and development, the country will not achieve any tangible and lasting development. Read his posts below...