'Under the present government's austerity drive, the EAD surrendered 10 percent of its operating expenditure
, amounting to Rs5.80 million from various heads of accounts,' according to performance report of the government.
Despite posting a relatively higher growth, the company's profit fell significantly short of the industry's expectations due to inflated operating expenditure
, said Topline Securities analyst Shankar Talreja.
The producer of pharmaceuticals for human use has achieved a total of operating revenues of about 17.5 million dinars at the end of the first six months of 2018, against 16.9 million a year ago while the operating expenditure
went up from 20.9 to 21.4 million dinars.
The budget allocation for the Defence Ministry (Mindef) has been increased to RM15.37 billion for next year after receiving additional RM1.45 billion for its operating expenditure
(OE) from the Finance Ministry.
The region has implemented cost-cutting measures in recent years, as evidenced by a 5.4% decline in operating expenditure
Chief Minister Datuk Patinggi Abang Johari Tun Openg said, out of the total budget, an allocation of BD 812,926,134 including a federal fund of BD 23,484,532, was proposed for development expenditure and BD 270,975,378 was for operating expenditure
The final rules made changes on some of the earlier proposal to place a minimum cap of 40% on the capital and operating expenditure
. Now, it's down to just 35%.
The affair centres on a payment of 6.7 million euros (7.3 million dollars) by the DFB to the ruling body FIFA in 2005 which was declared as a contribution for a cultural event at the World Cup in Germany which never took place, and as an operating expenditure
for tax purposes.
In the first quarter of 2018, operating expenditure
as part of the Shah Deniz field's development project amounted to approximately $123 million and capital expenditure amounted to about $415 million, the majority of which was associated with the Shah Deniz 2 project.
In 2017, PDO's capital expenditure came at US$5.8bn and operating expenditure
stood at around US$1.8bn.
A sum of Rs314m is for the payment of salaries of judges and courts' staff and Rs60m for the operating expenditure
of Islamabad's judiciary.