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Budgeted capital expenditure is up 20 per cent on the current year’s estimate
(Bloomberg) -- Kuwait forecast its eighth consecutive budget deficit for the year starting April 1, unveiling a fiscal plan that sees a near-7% rise in spending as political bickering delays reforms and stymies borrowing. The shortfall is projected at 12.1 billion dinars ($40 billion), 13.
Mining in India equals selling the family gold Updated: Updated: January 19, 2021 10:38 IST Treating mineral sale proceeds as revenue or income hides the real transaction — the sale of inherited wealth Share Article AAA Treating mineral sale proceeds as revenue or income hides the real transaction — the sale of inherited wealth The principle that the economy must be “sustainable” — we cannot compromise the ability of future generations to meet their needs — is beyond question. Climate change and high levels of consumption already threaten to rob future generations of a planet t...
‘Nigeria is bullish on recovery, long-term prospects’ Recently, CDC Group, a leading United Kingdom development finance institution, signed a Memorandum of Understanding, (MoU) with the Nigerian Sovereign Investment Authority (NSIA), marking the beginning of high-impact participation in strategic sectors of the economy through capital mobilisation. In this interview with MARCEL MBAMALU, the company’s Head of Office and Country Director for Nigeria, Benson Adenuga, speaks on the MoU, management model of NSIA, Nigeria’s economic recovery prospects, dynamics of development funding and...