Budget
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Nigeria’s inflation rate for the month of November 2024 rose to 34.60 percent from 33.88 percent in October, indicating worsening hardship for Nigerians. This is according to the National Bureau of Statistics’ latest Consumer Price Index and Inflation for November. The report showed that the country’s headline or all-items inflation increased by 0.72 percent on…
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Treasury minister James Murray has been speaking to the media this morning. He is one of those working on next week’s budget. Yesterday the chancellor confirmed she was planning to change the government’s fiscal rules – how it calculates its debt and the parameters for spending. The shadow chancellor Jeremy Hunt warned this could push…
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Most people need some way of seeing where their money is going each month. A budget can help you feel more in control of your finances and make it easier to save money for your goals. The trick is to figure out a way to track your finances that works for you. The following steps…
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President Bola Tinubu has slashed the expenditure on all official travel, domestic and international trips by 60 per cent. For foreign trips the president will be accompanied by – 20 persons, while the Vice President will have just five persons and the First Lady will also have five persons, respectively. For local trips, the president…
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The Ministry of Defence got the highest allocation – N1.3tn in the approved 2024 budget. An increased appropriation Bill was passed by both chambers of the National Assembly on Saturday. The parliament increased the budget submitted by President Bola Tinubu by the sum of N1.2 trillion. The Chairman, House Committee on Appropriation, Abubakar Bichi, told…
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The Office for Budget Responsibility (OBR) said that six million people would be hit by ‘stealth taxes’, like freezes for tax thresholds, over the next five years, boosting government coffers by £120 billion. The independent economic analysts said this would be the equivalent of a 4p increase in the base rate of tax. The UK’s…
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President Muhammadu Buhari has signed the N21.8 trillion 2023 budget into law. MEZIESBLOG reports that Buhari made the disclosure in a live broadcast on Tuesday. The President said the signing will avoid delay in the 2023 budget implementation. He urged the National Assembly to reconsider the decision on his administration’s N23.7 trillion ‘ways and means’…
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President Muhammadu Buhari’s request for N23.7 trillion ‘Ways and Means’ request for approval have sparked an uproar in Senate on Wednesday. The uproar which forced the red chambers into a close door session started when Senator Solomon Adeola Olamilekan who is the Chairman of the Senate Committee on Finance presented the Committee report on “Approval…
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The UK’s National Audit Office (NAO) has released a report showing that government departments spent at least £4.4 billion (€5.08 billion) preparing for the United Kingdom’s exit. In the 32-page report, published on Friday (March 6), the office said it had asked all 18 central government departments and two non-ministerial departments to provide information on the cost…
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The White House sent to the United States Congress its US$2.5 billion supplemental budget proposal to fight the novel coronavirus (Covid-19). “Today, the Administration is transmitting to Congress a US$2.5 billion supplemental funding plan to accelerate vaccine development, support preparedness and response activities and to procure much-needed equipment and supplies,” Rachel Semmel, a spokeswoman for the…
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The Presidency said yesterday that President Muhammadu Buhari was fully ready to present the 2018 Appropriation Bill to the National Assembly, adding that he was only waiting for the legislative arm of government to give him a date for the presentation. Image: Muhammadu Buhari The Senior Special Assistant to the President (National Assembly Matters), Ita…
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The Senate has rejected President Muhammadu Buhari’s request for authorisation to borrow about $30 billion. The president, last Tuesday, forwarded a request to the National Assembly to approve external borrowing plan of $29.960 billion to execute key infrastructural projects across the country between 2016 and 2018. Image: Muhammadu Buhari He made the requests in two…
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BUCHAREST – Britain’s exit from the European Union will mean a worrying 15 percent drop in the bloc’s annual budget from 2020, EU Regional Policy Commissioner Corina Cretu said on Monday. EU leaders are due to discuss the outcome of Britain’s June 23 vote to leave the EU at a meeting in Brussels on Tuesday.…
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