Kwara Assembly Approves N130,380,403,956 Revised Budget For the State

Date: 2019-10-17

The Kwara State House of Assembly has approved N130,380,403,956 as the new revised total budget size of the State as against the initial N157,802,032,561 with a decrease of N27,421,628,605, representing 17.4 per cent.

This is the sequel to the report of the House Committee on Finance and Appropriation on the Year 2019 Revised Appropriation Bill presented to the House by the Chairman of the Committee Hon Ambali Olatunji Ibrahim.

The Committee arrived at the sum yesterday after perusing and scrutinizing the 2019 Budget of the Kwara State Government.

According to the Chairman of the Committee, the reduction of the budget size is necessary so as to enhance the state chances of benefitting maximally from the benefit derivable by the state from "The State Fiscal Transparency, Accountability and Sustainability Program for Result (SFTAS)open to all states with high/appreciable Budget implementation/performance, accountability, transparency and sustainability of their Budgets".

A breakdown shows that the total revenue estimate of the 2019 budget now stands at N130,380,403,956 down from N157,802,032,561, while the Approved Budget Surplus of N43, 638,537,362 was scaled down to N27,187,810,159, ba decrease of N16,450,737,203, representing 37.70 per cent."

On the Capital Receipts, the House revised the capital allocation to N57,117,155,413 as against N79,594,046,011, a decrease of 22,476,890,598.

However, considering the fact that there is little time left to the end of the year, a term loan of about N1.67bn was granted as against the initial N6.221bn proposed by the Governor of Kwara State, Mallam Abdulrahman Abdurazaq.

The Speaker of the House, Rt Hon Yakubu Danladi Salihu, in his remarks commended the House Committee on Finance and Appropriation for doing a thorough job on the budget review.

Rt Hon Salihu directed the Clerk of the House, Hajia Halimah Jummai Kperogi to forward a clean copy to the State Governor for assent.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Opaleke Bukola Iyabo     PAACO-PCL Consortium     Patigi Regatta     Ayo Opadokun     Umar Yakubu Jaja     Kwara State University Of Education     Akanji     PPS     Mahmud Babatunde Baker     JAAC     Onilorin Of Ilorin     Alore     Federal Road Maintenance Agency     Muazam Nayaya     Raheem Adaramaja     Mohammed Yisa     Bashir Badawi     Illyasu Abdullahi     Balogin Alanamu     Abubakar Kawu Baraje     Olatunde Jare     Atunwa     Bolakale Saka     Bola Magaji     Kamoru Kadiri     Babaloja-General     Farouk Salim     Mumeen Lah     March 18     Sobi Hill     Oluwole Dupe     CCT     Pilgrims Board     Mohammed Kamaludeen     Abdullahi Samari     Baruten     Gobirawa     Bareke     Ebola     General Tunde Idiagbon International Airport Ilorin     Suleiman Ajadi     Apado     Ishaq Oloyede     Olajumoke Monsura Gafar     Olatunji Ayeni     20 Billion Bond     Abdulraheem Yusuf     Oba Abdulkadir La\'aro     Quareeb Islamic Association     Olatomiwa Williams     Javed Khan     Mohammed Khadijat Kubura     Nagode     Photo News     Saheed Akinwumi     Amuda Bembe     Falokun-Oja     Kwara Politics     Suwa-Arabs     Ilorin Talaka Parapo     Yomi Ogunsola     Busari Alabi Alausa     Oyelere Oyinloye     Abdulrauf Aliyu     Onilupeju Of Ilupeju     Salihu Alhaji Musa     Osinbajo     General Tunde Idiagbon International Airport     LABTOP     Muhammed Aliyu     Okanlawon Taiwo     Universal Basic Education Commission     State Bureau Of Internal Revenue     Bluenile Associates     Abdulrazaq Aiyelabegan     Iyeru Grammar School     Isiaka Rafiu Mope    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Bamidele Adegoke Oladimeji     Post Utme     Chief Imam Of Ilorin     Eruku     Turaki     Jide Ashonibare     Garba Dogo     AbdulHamid Adi     Ahmed Alhasssan     Egbejila     KWAFFA     Belgore     Tsaragi/Share     Gbadeyan Gbadura Yomi     Markaz Arabic And Islamic Training Institute, Agege     Muftau Akanbi Oke     Sayomi     General Tunde Idiagbon International Airport Ilorin     Muhammad Yahya     IYA ALFA NLA     Alfa Belgore     HYPPADEC     AGM Professional Services     Ijakadi     Niyi Osundare     David Oyedepo     Tafida Of Kaiama     General Hospital     Oko-Erin     Micheal Imodu-Ganmo Road     Musa Yeketi     Abdulrosheed Okiki     Raliat Islamic Foundation     Kwara Primary Health Care Development Agency     Rihanat Ajia     Baba Issa Awoye     Esinniobiwa Quareeb     Mustapha Akanbi     Gbajabiamila     Bukola Saraki     Taofeek Ibraheem     Abubakar Abdulraheem     Abdullahi Saadudeen Alikinla     Yusuf Arowosaye     Sa\'adu Gambari     Innocent Okoye     Lafia Aliyu Korasabi     Oba Of Jebba     Kwara State Fish Farmers Association     NURTW     Sadiq Umar     Magaji Erubu     Kwara University Of Education     Ganmo     Muhammad Ghali Alaaya     Lucky Omoluwa     Lanre Jimoh     Bolaji Gambari     Yusuf Abdulraheem     Nnazua     Shehu Raheem Adaramaja     Federal Polytechnic Offa     Yusuf AbdulRasheed     Yahya Mohammed     Adeola Abraham     Mansur Alfanla     Shettima     Eleja Taiwo Banu     Monkey Pox     Photo News     International Vocational Centre     Transition Implementation Committee     Unicontinental Construction Company     Sidikat Akaje     Nurudeen Muhammed     Sobi FM     Aliyu Muhammad Saifudeen