Gov. Samuel Ortom of Benue on Tuesday, presented the 2017 Appropriation Bill of N163.9 billion to the Benue House of Assembly.
Ortom made the presentation on the floor of the house during plenary.
The
governor said that the Appropriation Bill was christened: “Budget of
Rural Transformation’’, stressing that it should be considered a
collective vision of a new Benue.
He said that out of the total
sum, recurrent expenditure was N66.348 billion, while capital
expenditure stood at N97.562 billion.
The governor said that
recurrent expenditure constituted 40 per cent of the entire budget,
while capital expenditure constituted 60 per cent.
The News Agency of Nigeria (NAN) reports that the 2016 Appropriation Bill was N150.7 billion.
He
listed the sources of revenue in which the state hoped to realise the
funds from Federal Allocation, Tax, Non-Tax, Aids from donors, Domestic
Borrowing among others.
He said that in order to make judicious use of the state funds, he had reduced his entitlements and that of his deputy.
‘`I have also reduced overseas travels by all public office holders,’’ he said.
The Speaker, Mr Terkimbi Ikyange, commended the governor for timely submission of the budget despite several hurdles.
Ikyange
urged the governor to overhaul the budget process of Ministries,
Departments and Agencies (MDAs), which is usually considered by them as a
mere annual ritual.
He assured that as soon as the legislators
come back from the Christmas break, they would swing into action in
order to get the budget passed speedily. (NAN)
http://www.metronaija.com/2016/12/gov-ortom-presents-n1639bn-2017-budget.html
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