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.

Afusat Nike Ibrahim     Y.A. Abdulkareem     Halimat Yusuf     Senior Ibrahim Suleiman     Micheal Imodu-Ganmo Road     Folorunsho Erubu     SWAN     Idofin     Revenue Court     Usman Yunusa     Yahaya A Paniyaro     Olam Food Ingredients     Ilesha Gwanara Road     Mohammed Ajia Ibrahim     Ibikunle Ogunleye     HAMFAT Clinic And Maternity     Kayode Oyin-Zubair     Elesie Of Esie     Shaaba Lafiagi     Muhammed Aliyu     Kola Adesina     NIPOGA     Raymond Olaitan     Abdullahi Imam Abdullahi     Musbau A. Akanji     Musibau Akanji     GANZY     Abdulrauf Yusuf     Ibraheem Adeola Katibi     Isiaka Saka Opobiyi     Osinbajo     Afolasade Opeyemi Kemi     Ajidagba     Adegoke Bamidele     Abdulraheem Yusuf     Atiku     Ahmed Bayero     CKNG     Mahe Abdulkadir     Ghali Muhammed     James Kolo     Magaji Erubu     Pacify Labs     Yahaya Seriki     Bluenile Associates     Crystal Corner Shops     Salihu Ajia     Ayo Opadokun     Harrison Osauwagboe     NULGE     Kwarareports     John Olajide Adedipe     Prince Mahe Abdulkadir     Moshood Mustapha     Abdulmumini Jawondo     PPS     Bamidele Aluko     Kwara South     Odogun Olushola Gabriel     Emmanuel Olatunji Adesoye     Iyiola Oyedepo     Abdulraufu Mustapha     Owo Arugbo     Sabi     Hauwa Nuru     Kazeem Gbolagade     Kisira     Raliat Elelu-Habeeb     Al-Adaby     Adolescent Girls Initiative For Learning And Empowerment     Tafidan Kaiama     UNIFEMGA     IDPU     Ganiyu Abolarin     Mahmud Durosinlohun Atiku     Okanlawon Taiwo     Toyin Olayinka Tejidini    

Cloud Tag: What's trending

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

Ganiyu Abolarin     Kale Bayero     AbdulRaheem Ahmad Shayi     Arinola Lawal     Pakata     Turaki     Umar Ayinla Saro     Yusuf Mubarak     Sulu Babaita Isiaka     CCB     Kamoru Kadiri     Gobirawa     Waziri Yakubu Gobir     Government High School Adeta     Ibrahim Oniye     Baba Isale     Adijat Adebiyi     NNPP     Zaratu Umar     Sheikh Alimi     Adamu Attah     Tsaragi     Damilola Yusuf Adelodun     Ajikobi     Olufolake Abdulrazaq     Moro     Abatemi-Usman     Mumeen Lah     Manzuma     Saduki Lafiagi     Fatai Olodo     Sunday Otokiti     Olatunde Olukoya     Abdullahi Adisa Akodudu     GGDSS Pakata     Amos Sayo     Gaa Olobi     Charles Ibitoye     Joseph Yemi Ajayi     Forgo Battery     Gbadeyan Gbadura Yomi     Bareke     Jebba     Oke-Ode     Olayinka Are     ASUU     Emmanuel Bello     Transition Implementation Committee     Tunji Olawuyi     Isiaka Alikinla     Chikanda     Owu Fall     Abdulmumini AbdulRazaq     Kwarareports     Salaudeen Oyewale     Afonja     Chief Imam Of Omu-Aran     Sayomi     Nagode     Riskat Opakunle     Usman Rifun     Muhammadu Buhari     Kayode Laro     Osuwa     Kwara Consultative Forum     Third Estate     Mohammed Ibrahim     Atiku Abubakar     Kwara State Coalition Of Business And Professional Associations     Mary Arinde     Sa\'adu Salahu     Abubakar Lah     Yeketi     Saadu Alanamu     Kwara Poly     Tuesday Assayomo     Taofeek Ibraheem