The budget which was approved by President Tebboune on Thursday, after it was passed by the two chambers of parliament, forecasts a deficit of 2,700 trillion dinars (around $20.4 billion, 17.6 billion euros), or 14 percent of GDP.
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Lagos State Governor, Babajide Sanwo-Olu, on Tuesday presented the 2021 budget appropriation of N1.155 trillion at the Lagos House of Assembly. Presenting the appropriation, christened “Budget…
Botswana’s Minister of Finance and Economic Development, Thapelo Matsheka, says the Southern African country has approached the World Bank for budgetary support after the coronavirus crisis…
PROTOCOLS 1. It is with pleasure that I present the 2021 Federal Budget Proposals to this Joint Session of the National Assembly. 2. Distinguished and Honourable…
Nigeria’s President, Muhammadu Buhari, on Thursday presented the 2021 budget proposal of N13.08 trillion to the National Assembly for consideration and passage into law. The president,…
Tanzania’s Ministry of Finance and Planning says it has concluded plans to introduce an electronic budgeting system in the 2021/22 financial year. The move will reduce…
“Our projected oil revenue has declined by over 80 percent,” said Ben Akabueze, head of the Budget Office in a video conference in Abuja on Tuesday.
Despite this huge reduction, the government also agreed at a cabinet meeting to increase the minimum wage from 18,000 dinars ($140) per month to 20,000 dinars, while income tax will be abolished for those earning 30,000 dinars or less, a government statement said.
The South African labour unions have rejected a government proposal to review planned increases for civil servants days before they were due to be implemented. The…
Ethiopia’s council of ministers have approved a supplementary budget of $877.87 million for 2019/2020 to finance economic reforms, as announced by the country’s Prime Minister, Abiy…