Middle East & Africa round-up: Nigerian lawmakers approve 4.5% cut in 2015 spending plan, and more

1 May 15

A round-up of recent public finance stories from the Middle East & Africa you might have missed.

Nigerian lawmakers approve 4.5% cut in 2015 spending plan

Nigeria’s Senate approved a budget of 4.49 trillion naira ($22.5bn) for this year, joining the House of Representatives which has already agreed to the spending plan. (Bloomberg)

Tanzania lifts 2015/16 spending to pay for vote, infrastructure

Tanzania’s spending in the 2015/16 fiscal year will rise by 13.24% to pay for infrastructure projects and a general election this year, its finance minister said. (Reuters)

Long-term spending drives Bahrain’s economic growth

Bahrain’s real gross domestic product (GDP) growth reached 4.5% in 2014 according to the latest Bahrain Economic Quarterly (BEQ) issued by the Bahrain Economic Development Board (EDB). (Times of Oman)

Saudi’s education strategy aligned with innovation agenda

The education strategy of Saudi Arabia, the world’s largest exporter of oil, is in line with the innovation agenda, a cause for which the government is spending tens of billions of dollars. (Gulf News)

Kenya’s economic growth slowed last year, outlook better

Kenya’s economic growth eased to 5.3% in 2014 as tourism fell and agricultural output slowed, but should pick up this year, a minister said on Wednesday. (Reuters)

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