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Nairaland Forum / Nairaland / General / Politics / FG Releases N300bn For Capital Projects (4207 Views)
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Re: FG Releases N300bn For Capital Projects by Cornel88(m): 8:17am On Aug 18, 2012 |
OYINBOGOJU: What kind of Project Name is Called Capital Project?Capital expenditure is when the govt spends money on major projects such as hospitals, dams, aircraft, bridges, schools etc. If govt is to build a hospital now, that hospital that is to be build is a capital project, while the cost of building the hospital is called capital expenditure. The other type of expenditure is recurrent expenditure i.e. expenditure on running costs, such as wages and salaries of govt workes(civil servants) etc. There are also recurrent and capital revenue. With what I have given you so far, you could be able to tell what recurrent and capital revenue are. |
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