Public Finances

Finance

Recurrent Expenditure – Is Cross River Spending Its Way To Death?

In my earlier article Labouring under a deadly burden (https://crossrivermovement.nationbuilder.com/labouring_under_a_deadly_burden) , I wrote about one of Cross River State’s biggest challenges – It’s debt burden. I reflected on the fact that the State’s debt grew by 78% from 2014 to 2019 leaving it with debt of more than N230 billion. Debt is not necessarily a bad …

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