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.

Isin     Bayo Ojo     Reuben Paraje     Women Radio     AbdulHakeem Ajibola Akanbi     Sulyman Abdulkareem     Radio Kwara     HAMFAT Clinic And Maternity     Yakub Lai Gobir     Igosun     Muhammad Toyin Sanusi     Guber Aspirant     Ahmad Olanrewaju Belgore     Kwara North     George Funsho Adebayo     Ilorin Innovation Hub     Col. Adedipe     Omu Aran     Kola Ologbondiyan     Atunwa     Michael Imoudu National Institute For Labour Studies     Khairat Gwadabe     Arinola Lawal     Alabi Olayemi Abdulrazak     Alagbado     Ope Saraki     NNPP     Modibo Kawu     Kwara State Health Insurance Agency     Raliat Islamic Foundation     Oyun     Sarkin Malamai     Baba Isale     Oko-Olowo     Ejidongari     Kwara Consultative Forum     Amina Susa\'a De Ahmed     Alabere     Ibrahim Taiwo Road     M.Y. Abdulrahaman     Musbau A. Akanji     Ezekiel Yissa Benjamin     Dar-Al-Handasah Consultants     Wahab Olasupo Egbewole     AbdulRazaq Jiddah     Tescom.kwarastate.gov.ng     Hakeem Lawal     Baaziki Sulaiman     Edret Sabi Abel     International Public Sector Accounting Standards     Sabo-Oke     Babaloja-General     Valsolar Consortium     Mike Omotosho     Bayo Ajia     Alfa Yahaya Road     Ike Ekweremadu     SSA Youth Engagement     Awwal Jawondo     Frootify     Eruku     Kwara TV     Kazeem Oladepo     AGF Abdulrazaq     Dogara     Abdulmumini Jawondo     Kayode Yusuf     Pakata Development Association     Olokoba     Boko Haram     Grillo     Ayobami Seriki     Paul Odama     Adebayo Mohammed Kamaldeen     Umar Ayinla Saro     Yakubu Shaaba     Sa\'adatu Modibbo-Kawu    

Cloud Tag: What's trending

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

Yinka Aluko     Dele Belgore     Abdulfatai Ahmed     Ghali Alaaya     Fatimat Saliu     Bature Bello     Gobir     Ado Ibrahim     Ajibola Saliu Ajia     Isa Aremu     Plat Technologies Limited     Hassan Abdulazeez Elewu     Abdulrahman Abdulrasaq     NAWOJ     Alapado     KWACOBPA     Quran     Belgore     Ubandoma     Garment Factory     Balogun Fulani     Rotimi Samuel Olujide     Kwara South     Maigida Soludero Transit     AbdulRazaq AbduMajeed Alaro     Ajuloopin     Aso-ofi     Oba-Solagberu     Oladimeji Thompson     Tescom.kwarastate.gov.ng     Abdulquowiyu Olododo     Tunde Kazeem     Ahmad Fatima Bisola     Ayoade Akinnibosun     Ali Ahmad     Monthly Sanitation Exercise     Kwara 2015     Michael Nzwekwe     Medview Airlines     Local Government Pension Board     Abdullahi Saadudeen Alikinla     Muazam Nayaya     Saadu Gbogbo Iwe     Unicontinental Construction Company     Kwara State Infrastructure Development Fund     Sheikh Ridhwanullah El-ilory     JSSCE     Ahmad Olanrewaju Belgore     Adeniyi Ojo     Galland Marcias     Bello Oyedepo     Abiodun Abdulkareem     Wasiu Odewale     Ibrahim Issa Jetti     National Union Of Road Transport Workers     Yakub Lai Gobir     Saba Jibril     Olawuyi     Emmanuel Bello     Jimoh Saadudeen Muhammed     Towobola Abdulrahman Toyin     Kwara Hotel     Oju Ekun Sarumi     Umar Bayo Abdulwahab     Rex Olawoye     Pakata Development Association     Damilola Yusuf     Ibrahim Abdullahi     KWASEIC     Baruba     Abdulmumini AbdulRazaq     Christopher Odetunde     Omoniyi     Gbemisola Saraki     Saadu Yusuf     Umar Saro     Rashidi Yekini