Recurrent Budget definition

Recurrent Budget means the Borrower’s recurrent budget duly approved by its legislature in accordance with the provisions of its 1995 Constitution;
Recurrent Budget means the budget for ongoing expenditures (e.g., salaries, operations, maintenance cost of capital assets);
Recurrent Budget means the Budget for day-to-day expenses.

Examples of Recurrent Budget in a sentence

  • Development budget; 586,405,158.20 Recurrent Budget =175,548,860.70 Total Kes.