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.

Balikis Jawondo     Musa Ayinla Yeketi     Sulyman Tejidini     Ojuekun Sarumi     Abdulrazaq Aiyelabegan     Abdulrazaq Akorede     Public Holiday     Najim Yaasin     Yahaya Abdulkareem Babaita     Agboola Babatunde     Ahmed Ayinla Jimoh     Sheikh Ridhwanullah El-ilory     Haliru Yahaya     Bisi Oyeleke     Toyin Olayinka Tejidini     Illyasu Abdullahi     Ayegbeni     Aliyu Kora Sabi     Haruna Tambiri Mohammed     Mopelola Abdulmaliq-Bashir     Muyideen Ajani Bello     Yahaya Oloriegbe     Elesie Of Esie     Radio SBS     Ganmo Power Sub-Station     Ayedun     Iyeru Grammar School     Hauwa Nuru     Ayotunde Emmanuel Alao     COVID-19 Palliatives     Kayode Oyin Zubair     Shuaibu Yaman     Quarry Royal Valley     Emir Of Kano     A.O. Belgore     Talaka Parapo     Abdulkadir Orire     Abdulmumini AbdulRazaq     Mohammed Yisa     Junior Secondary School Certificate Examinations     Bola Magaji     Kamaldeen Kehinde     V.O. Abioye     Hussein Olokooba     Okin Malt     Ilorin West/Asa Federal Constituency     Coalition Of Kwara North Groups     Esinniobiwa Quareeb     Mamatu Abdullahi     Majlis For Sadaqah, Zakat And Waqf     Omupo     David Adesina     Sidikat Akaje     Fawenu     Ben Duntoye     Mohammed Jimoh Faworaja     Abdulsalam Firdaous Amosa     Abdulrazaq Magaji     VADA     Unicontinental Construction Company     Aso Ofi     George Innih     Ilorin Emirate Stakeholders Forum     Omu-aran     Bello Taoheed Abubakar     Adebayo Mohammed Kamaldeen     Mahee Abdulkadir     Tanke     David Oyedepo     Geri-Alimi Split Diamond Interchange     Ayinde Oki     Alliance For Democracy     Okanlawon Taiwo     AbdulRazaq AbduMajeed Alaro     GANZY     April 11     Fola Consultant    

Cloud Tag: What's trending

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

Saka Onimago     Aremu Odolaye     Kupchi Hosea Maxwell     Muhammed Aliyu     Code Of Conduct Bureau     Olusegun Adeniyi     Otunba Taiwo Joseph     Abdulmajeed Wahab     Katibi Ibraheem Adeola     Okiki     Oke Sunna     Adamu Jemilat-Baki     Logun     Lafiagi     Muhammed Danjuma     Ifelodun     Umar Sanda Yusuf     Segun Ogunsola     Idofin     Ayoade Akinnibosun     Ethical College     Saka Adeyemo     Is\'haq Modibbo Kawu     Garba Ayodele Wahab     Kwara 2023     Yinka Aluko     James Ayeni     Adamu Attah     Musa Ayinla Yeketi     Ilorin East     Sabo-Oke     NYSC     Kwara-SAPZ Project     Muritala Olarewaju     Ilorin Airport     Wasiu Onidugbe     Crystal Corner Shops     Henry Makinwa     Mohammed Halidu     Abdulrahman Abdulrazaq     Ope Saraki     Abdulmumini Sanni Jawondo     Elerinjare-Ibobo     Neuropsychiatric Hospital     Omu-aran     Abdulbaqi Jimoh     20 Billion Bond     Alloy Chukwuemeka     Babatunde Ishola Babaita     Taofik Abdulkareem     IPSAS     Hijaab     Saka Keji     Mustapha AbdulGaniyu     Muhammad Mustapha Suleiman     Charcoal     Raliat AbdulRazaq     Kayode Alabi     Umar Ayinla Saro     Bolaji Abdullahi     Kolawole Bashirat     Fawenu     Oye Tinuoye     Kazeem Gbolagade     Kishira     Adebayo Mohammed Kamaldeen     Ahmed Bolaji Nagode     Yusuf AbdulRasheed     Olomu     Alimi Abdulrazaq     Jebba     Kwara 2019     Abdulmumini AbdulRazaq     Issa Baba     Aishat Sulu-Gambari     Issa Manzuma     Shettima Of Ilorin