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.

Ogbondoroko     Afolayan     Emmanuel Olatunji Adesoye     Yahaya Jibril Usman     PharmAccess Foundation     Jimoh Lambe Abdulkareem     Ishaq Oloyede     Omoniyi M. Ayinla     Oba Of Jebba     Buari Edun     Gambari     Kubra Kazum     Aso Ofi     Rueben Parejo     Hassan A. Saliu     Kwara State Council Of Chiefs     Valsolar-Kwara Company Limited     Aliyu Kora Sabi     Facemasks     Joseph Daudu     ENetSuD     Kwara State Branch Of The National Library     KWATMA     Kola Ologbondiyan     Ahmad Lawan     Biliaminu Aliu     Ajibike Katibi     Kaiama     Umar Gunu     Senior Staff Union Of Colleges Of Education     Memunat Monsuma     Mohammed Danjuma     Oyedepo     Chief Imam Of Offa     Government High School Adeta     Kolade Solagberu     Abdulkadir Orire     Kwara Apc     Abdulkarim Adisa     Muhammad Mustapha Suleiman     ER-KANG     Olaitan Adefila     Abdulahi Abubakar Bata     Universal Basic Education Commission     Abraysports FC     Reuben Paraje     Rihanat Ajia     Modibo Kawu     Oke-Kura     Isin     Iyabo Adisa Ibiyeye     Centre For Digital Economy     Oba Abdulkadir La\'aro     Haliru Yahaya     LABTOP     Afolabi-Oshatimehin     Baba Idris     Mahmud Ayinla Giwa     Kwabes     George Innih     Abubakar Abdullahi Bata     Raimi Iyanda     Usman Yunusa     Samuel Elizabeth Keatswa     Muhammed Danjuma     Zulu Gambari     Aliyu Sabi     Ahmed Idris Mohammed     Otunba Taiwo Joseph     Saadu Alanamu     Wahab Isa     Ahmad Ali     Share     Post Utme     Siraj Oyewale     Egbejila     Basit Olatunji    

Cloud Tag: What's trending

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

Owu Fall     Aso Ofi     Ganmo     Haliru Dantoro     Gabriel Fashanu     Vishvas KOZ Tractors     AbdulRazaq Jiddah     Iyeru Grammar School     Ajibola Ademola Julius     Oko     Emir Of Yashikira     Abubakar Suleiman     Ebola     Balogun Gambari     Christopher Odetunde     Face Masks     Reuben Paraje     Ahmad Olanrewaju Belgore     Mohammed Ibrahim     Yinka Aluko     KWACOBPA     Adijat Adebiyi     Akeem Lawal     Henry Olaosebikan     Sola Saraki Educational Foundation     Mohammed Tunde-Jimoh     Rafiu Ajakaye     Saad Belgore     Harafat E. Mukadam     Habeeb Abdullahi Al-Ilory     Funmilayo Isiaka Oniwa     Sai Kayi     Elelu     Isiaka Yusuf     Bello Oyebanji     Aso-ofi     Adolescent Girls Initiative For Learning And Empowerment     Al-Ilory     Kawu Baraje     Maja     Veterinary Teaching Hospital     Mike Omotosho     Prince Mahe Abdulkadir     Mustapha AbdulGaniyu     KWSUED     Kanu Agabi     Jeunkunu-Malete-Bani     Awili Pedro     Dar-Al-Handasah Consultants     Ministry Of Women Affairs And Social Development     Ambassador Kayode Laro     Nurudeen Mohammed     Ahmed Alhasssan     Ishaq Salman     GAMA     Olatunji Ibrahim     Yunus Oniboki     Oke-opin     Emir Of Ilorin     Yahaya Abdulkareem Babaita     Abdulwahab Ololele     Mahmud Durosinlohun Atiku     Folajimi Aleshinloye     Jalala     Ahmed     Elerin Of Erin-Ile     Oba Abdulrahim     Alloy Chukwuemeka     Wale Oladepo     Ojuekun     Ilorin Anchor Men And Women     Hassan Taiye Salam     Kwara Restoration Project     Chief Imam Of Omu-Aran     Alagbado     Yahya Mohammed     Y.A. Abdulkareem