Gov. Darius Ishaku of Taraba on Thursday presented a budget
proposal of N96.5 billion to the state legislature for 2018 fiscal year.
While
laying the estimates before the legislators in Jalingo, Ishaku explained that
the budget proposal was about 12 per cent lower than the estimate for 2017 when
the state budgeted N110.1 billion.
He
said that N41.2 billion of the budget proposal was for recurrent expenditure,
while the balance of about N45.3 billion was for capital expenditure.
Ishaku,
who tagged the proposal as “Budget of Sustainable Growth”, said that the budget
would be funded from Internally Generated Revenue of N5.3 billion, Federal
Allocation of N31.5 billion and Value Added Tax (VAT) of N9.2 billion.
Other sources include Aids and Grants – N4.8 billion, Refunds
from Federal Government of over N30 billion, Domestic Loans of N11.4 billion and
external loans of N4.2 billion.
external loans of N4.2 billion.
He
appealed to members to process the budget proposal speedily for early passage.
The
Speaker of the House Mr Abel Diah, commended the governor on the level of
implementation of the 2017 budget
He
also commended the people-oriented projects carried out by the administration
across the state in the outgoing year.
Diah
assured the governor of the readiness of the assembly to cooperative with the
executive to improve the lots of the people.
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