Govt. Presents Budget of $612.4 Billion
The Government has put forward a budget of $612.4 billion for 2012/13, with $375 billion earmarked for Recurrent (house-keeping) expenses and $237.4 billion for Capital (development) obligations. Details of these projections are included in the Estimates of Expenditure, which were tabled in the House of Representatives on Thursday May 10th by Minister of Finance, Planning and Public Service, Hon. Dr....