The Budget will only “temporarily boost” the economy, according to official forecasts, throwing into question the government’s promises to reboot growth. The pace of growth will peak next year at 2% before falling back to around 1.5% later in the…
Heated debate erupts in House of Reps over Tinubu’s budget request
The House of Representatives on Thursday engaged in a heated debate over President Bola Tinubu’s request to extend the implementation period of the N21.83 trillion capital component of the 2023 budget. Also debated was the extension of the N2.17 trillion…
Canada’s Trudeau government asks rich to pay more in pitch to Gen Z
Canada will ask the wealthy to pay higher taxes as Prime Minister Justin Trudeau’s government seeks to shore up flagging support among young voters ahead of an election expected next year. Minister of Finance Chrystia Freeland said in the annual…
Klobuchar says Biden and McCarthy should negotiate over budget, not debt limit
Democratic Sen. Amy Klobuchar of Minnesota said Sunday that she believes President Joe Biden should sit down with House Speaker Kevin McCarthy and negotiate Republicans’ proposed spending cuts, but she insisted those talks should be in relation to the federal…
How to survive the last week of January on a budget
January is renowned for being a month of extremely slow days, mounting bills and a long, grinding wait for pay-day. This is often the case for folks in paid employment. However, the difficulties that traditionally accompany the month of January…
President Buhari signs N21.8t 2023 budget
President Muhammadu Buhari has signed into law the Appropriation Bill, 2023 totalling N21.83 trillion. Speaking at the signing of the eighth and final annual budget of this Administration, the President said the aggregate expenditures of N21.83 trillion, is an increase…
Tanzania’s president cancels Independence Day celebrations
Tanzania’s president, Samia Suluhu Hassan, has canceled Independence Day celebrations scheduled for Friday and directed that the budget instead be used to build dormitories for children with special needs. The 61st Independence Day event was to cost $445,000, money that…
FG accelerating efforts to maximise tax collections- Buhari
President Muhammadu Buhari on Friday said efforts are being accelerated to ensure all taxable Nigerians declare their incomes and pay the right taxes to the appropriate authorities. Buhari made this known when presented the 2023 Appropriation Bill of N20.52 trillion…
Income tax to be cut by 1p from April
The Chancellor has announced the basic rate of income tax will be cut from 20p to 19p from April next year. Kwasi Kwarteng said the cut in the tax people pay on earnings to 19% would benefit more than 31…
Philippines’ Marcos seeks record $94b budget for 2023
Philippine President Ferdinand Marcos Jr. asked Congress on Monday for a record $94.40 billion (5.29 trillion pesos) government budget in 2023 to support an ambitious policy agenda aimed at boosting growth and lifting millions out of poverty. Marcos’ proposed budget,…