The Commissioner for Finance in Abia, Dr Aham Uko, on Monday presented a breakdown of the 2020 Appropriation Bill, totalling N136.6 billion, to the state House of Assembly for approval.
In a speech, Uko told the lawmakers that the state keyed into the State’s Fiscal Transparency, Accountability and Sustainable programme of the World Bank/Federal Government as well as the Open Government Partnership Initiative.
He said that they had ensured that the content of the budget clearly spoke to specific projects that had the capacity of contributing to the development agenda of the government.
He said that the bill, christened “Budget of Economic Repositioning”, was put together to address the aspirations and needs of the people.
He said that the N136.6 billion draft was made up of N66.8 billion, representing 48.9 per cent as recurrent expenditure, and N69.8 billion, representing 51.1 per cent, as capital expenditure.
According to him, the 2020 buget outlay is slightly less…
Source: Vanguard Newspaper
