Hammed Shittu in Ilorin
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…
Source: Thisday Newspaper
