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.

Ilorin South     Wakilin Mata Lafiagi     KFA     Alfa Modibo Belgore     Yashikira     KWASIEC     Alao Ayotunde     Oluranti Idowu     Ilorin Anchor Men And Women     Adewuyi Funmilayo     Kwara State Pension Board     Olayinka Olaogun     Abubakar Ndakene     Muftau Akanbi Oke     All Peoples Party     Florence Saraki     Emir Of Yashikira     Mutawalle     Dar-Al-Handasah Consultants     IYA ALFA NLA     Ibrahim Gambari     JUSUN     Gobir     Bamidele Adegoke Oladimeji     Ibrahim Mashood     Maimunat Oniyangi     Bashirat Bola Bello     Funmilayo Mohammed     Afolayan     Ghali Alaaya     Forgo Battery     Towobola Abdulrahman Toyin     Suleiman Abubakar     Idowu Aremu     Baboko     Share     Tsaragi     Barakat Community Secondary School     Kwara State Television (KWTV)     Sodiya     Bello John Olanrewaju     Mohammed Ghali Alaaya     Olofa Of Offa     Mufutau Olatinwo     Moses Salami     Bolakale Saka     Olokoba Abdullahi Ayinla     COVID     Isau     Mohammed Danjuma     Split Diamond Interchange     JMK Construction Company Limited     Isiaq Khadeejah     Ahmad Fatima Bisola     Iliasu     Ibrahim Abdulqadir Abikan     Yusuf Ibitokun Sherifat     Muhammad Yahya     Abdulfatai Ahmed     Saadatu Modibbo-Kawu     Opobiyi     LAK Jimoh     Yakubu Gobir     Ibraheem Abdullateef     Habeeb Saidu     Emmanuel Olatunji Adesoye     Dauda Adeniran Adeshola     T And K FOODS     Danladi     Na\'Allah     Ilorin Muslim Community     Computer Based Test     IHS Towers     Third Estate     Niyi Ogundiran     Kwara State Coalition Of Business And Professional Associations     International Public Sector Accounting Standards    

Cloud Tag: What's trending

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

Fulani     Raymond Olaitan     AbdulKareem Yusuf Danhawa     Abubakar Kawu Baraje     James Ayeni     08001000100     Shaaba Lafiagi     Ibrahim Taiwo Road     Chikanda     Bello Bature     Babata     Geri-Alimi Split Diamond Interchange     SUBEB     Ahman Pategi     Yahya Mohammed     Kwara State Television     Damilola Yusuf     Raliat AbdulRazaq     Aliyu Salihu     KWTV     David Oyerinola Adedunmoye     Barakat Community Secondary School     Okasanmi Ajayi     Sobi FM     PAACO-PCL Consortium     Alumni Association Of The Federal Polytechnic Offa     Funke Adedoyin     Rotimi Samuel Olujide     Kazeem Gbolagade     Kayode Laro     Rotimi Oyedepo     Salman Alada     Ibraheem Abdullateef     Jebba     Ishak Mohammed Sabi     Garba Dogo     Kwara Apc     Dauda Adesola     Gobir     Maimunat Oloriegbe     Tafidan Kaiama     Opolo Global Innovation Limited     Hameed Oladipupo Ali     Abdullahi Biffo     Yusuf Abdulraheem     Atiku Abubakar     Lanwa     SWAN     Lucky Omoluwa     Olabanji Orilonishe     Abdulrasheed Akogun     Mohammed Danjuma     Abdulrazaq Aiyelabegan     Ajia-Bako     Kisra     Undergraduate Bursary     Afusat Nike Ibrahim     ER-KANG     Muritala Olarewaju     Ganmo Power Sub-Station     Bello Abubakar     Kwara United     Ibrahim Bio     Lanre Jimoh     Yusuf Ali     Abdulfatai Ahmed     Olaiya Victor Mobolaji     Abatemi Usman     Alaro     Ilesha-Baruba     Ahmed Saidu Rufai     Valsolar Consortium     Michael Nzwekwe     Damilola Yusuf Adelodun     International Vocational Centre     AbdulRahman Saad     Yusuf Lanre Badmus