#spending

The Federal Government has addressed concerns regarding an ₦8 trillion spending dispute, denying allegations of a 'Shadow Budget.' Oyedele emphasized that certain capital projects extend over multiple fiscal years and are executed through legally sanctioned capital rollovers, clarifying that these should not be viewed as unauthorized or illegal expenditures.

On Monday, the Federal Executive Council of Nigeria approved nearly three trillion naira in new spending during a single meeting. The funding is allocated for various sectors including roads, health, ports, and youth service reform, with a financing package amounting to billions of naira, according to Leadership (NG).

The Trump White House has requested $87.6 billion in spending, which includes funding for military operations related to Iran. This request is expected to encounter significant challenges in Congress, particularly after a recent vote aimed at limiting Trump's war powers, according to Al Jazeera.

U.S. health care spending is expected to exceed $6 trillion in 2026, largely due to increased use of medical services and a significant rise in prescriptions for GLP-1 receptor agonists, which are used to treat diabetes and obesity. According to government data, total spending reached $5.7 trillion in 2025, indicating a continuing upward trend in health care costs.

Municipal spending on consultants in South Africa reached R1.6 billion in the 2024/2025 financial year, a significant increase from R586 million in the 2014/2015 financial year. This rise indicates a growing trend where consultants are taking on roles traditionally held by municipal officials, particularly in the preparation of financial statements.