Kwara Assembly Approves N130bn Revised Budget

Date: 2019-10-21

The Kwara State House of Assembly has approved N130,380,403,956 as the new revised total budget size of the State.

The approved sum by the lawmakers was against the initial N157,802,032,561, which showed a decrease of N27,421,628,605, representing 17.4 per cent.

However, the breakdown of the approved sum showed that the total revenue estimate of the 2019 budget now stands at N130,380,403,956 down from N157,802,032,561.

Also, the approved budget surplus of N43, 638,537,362 was scaled down to N27,187,810,159, a 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.

This development according to THISDAY checks was 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.

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

Meanwhile, 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 the state, Alhaji 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 work on the budget review.

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.

Otoge     Lithium Deposit     Abdullahi Atanda     Sola Saraki University     Shehu Alimi Foundation For Peace And Development     Lanre Issa-Onilu     Illyasu Abdullahi     Abdulrosheed Okiki     Mike Omotosho     Falokun-Oja     Kwara North     Hausa     Lai Mohammed     Abdulrasheed Akogun     CCEPE     Y.A. Abdulkareem     Air Peace     Radio Kwara     Ilesha-Gwanara     Musa Alhassan Buge     Bursary     Mohammed Kamaludeen     Hamid Bobboyi     Shade Omoniyi     Ojuekun     Bayo Onimago     NITDA     Dasuki Belgore     Agbarere     Jimoh Bashir     SSUCOEN     Ilorin Emirate Staff Association     Okiki     Ope Saraki     Gbadeyan Gbadura Yomi     Musa Ayinla Yeketi     Pakata     Fulani     Lawyers Unite Against Corruption     Oko-Erin     Kwara University Of Education     CT Ayeni     Awodun     Abdulrahman Iliasu     SSA Youth Engagement     Kayode Bankole     Aishat Mohammed Lawal     Yusuf Arowosaye     Maigidasanma     Bayo Mohammed Onimode     Ahmed Bolaji Nagode     Kwara State Pension Board     Haruna Tambiri Mohammed     Unilorin     Adegoke Bamidele     Oluwatoyin Lukman     Kawu     Muhammadu Buhari     Folorunsho Alao     Umar Adelodun     Tayo Awodiji     Sambo Murtala     Shao     S.O. Opowoye     Ahmed Alhasssan     Lasiele Alabi Yahaya     Shehu Jimoh     Wasiu Onidugbe     Ajibola Ademola Julius     Suleiman Mora Omar     Musbau A. Akanji     Ibrahim Oniye     Admiralty Villa     Esinrogunjo     Okin Biscuits     Garba Ayodele Wahab     Unicontinental Construction Company    

Cloud Tag: What's trending

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

Labaeka     Mohammed Ghali Alaaya     Amada Jidda     Garba Ayodele Wahab     Abdulkadri Ahmad Alaiye     AbdulGafar Tosho     Tsaragi/Share     Oko-Olowo     Lola Ashiru     Rachael Obisesan     Wasiu Onidugbe     Iyaloja-General     Tinubu Legacy Forum     Abdulkadir Orire     Assayomo     Falokun-Oja     Yahaya Jibril Usman     Yomi Ogunsola     Mukhtar Shagaya     Eruku     Abdulmalik Bashir Mopelola Risikatullahi     Ibraheem Adeola Katibi     Ilorin Airport     John Kehinde Salako     Ahmed Shuaib Buranga     Jamiu Oyawoye     Laboratory-to-Product     Maja     Iponrin     Ibrahim Agboola Gambari     Amos Sayo     Sulyman Abdulkareem     Oba Abdulkadir La\'aro     Sobi Specialist Hospital     AGILE Programme     Sola Saraki University     Ndakene     TIC     Abdulrazaq Solihudeen     Bamidele Aluko     April 11     Sunday Popo-Ola     Muftau Akanbi Oke     Yahaya Abdulkareem     Afonja Descendants Union     James Kolo     Special Adviser On Digital Innovation     Wahab Abayawo     Aisha Abodunrin Ibrahim     David Oyedepo     Ebun-Olu Adegboruwa     Damilola Yusuf Adelodun     Zaratu Umar     Paul Odama     Asiwaju Bola Tinubu     Orire     Trader Moni     Umar Bayo Abdulwahab     Shagari     Amusement Park     Geri-Alimi Split Diamond Interchange     Oba Mogaji Abdulkadir     NULGE     Adegoke Bamidele     Dagbalodo     Musa Abdullahi     Kwara Coalition Of Business And Professional Associations     Okeose Christian Cementary     Henry Olaosebikan     National Pilot     Student Learning Support Helpline     Abdulrazak Shehu Akorede     Kwabes     Arinola Fatimoh Lawal     Oke-Kura     Ado Ibrahim     Onilupeju Of Ilupeju