GLOSSARY
Capital Expenditure
Expenditure of government funds on the creation of fixed assets (e.g. buildings additions, renovations, restorations etc.), land, buildings and intangible assets including expenditure on second-hand fixed assets, land acquisitions and capital grants for capital works or projects. Includes capital grants or payments to individuals, groups, organisations or other entities.
Recurrent Expenditure
Expenditure of government funds on programs, specialist areas and special projects including operational costs, wages and salaries, goods and services, current grants and transfer payments, specific purpose grants and subsidies. Includes non-capital grants or payments to individuals, groups, organisations or other entities.
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