Benue Assembly passes N190 billion Appropriation bill

Benue Assembly passes N190 billion Appropriation bill

By Our Correspondent

Following the effort of the Benue State House of Assembly in discharging its legislative function the house has passed an appropriation bill of N190.030 billion for the 2018 fiscal year, representing an increment of over N11 billion over the N178.3 billion that was presented to the Assembly b the governor Samuel Ortom, December last year.

The Chairman House Committee on appropriation, Brr. Adam Okloho, while leading debate on his committee report, on Wednesday explained that the N11 billion was as a result of non-inclusion of some on-going projects b ministry of finance and additional request by public sector Entities (PSEs) for inclusion of some critical project which was omitted from the initial estimates.

It could be recalled that the 2018 Appropriation Bill as passed has its main features, N81.9billion for recurrent expenditure, N108 billion for capital expenditure while deficit financing stands at N35.1billion.

Also announcing the passage of the bill after its third reading, the Speaker of the state assembly, Terkimbi Ikyange noted that a proviso has been introduced in the bill to compel the ministry of finance to stop releasing monies to public sector entities on items that were not captured in the budget saying, such practice contravenes the appropriation law.

Reformist new magazine was reliablely informed that the passage followed clause b clause consideration of the report of its standing committee on appropriation on the 2018 appropriation bill, in the committee of supply, chaired b the Speaker, Terkimbi Ikyange

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