Kwara Assembly Passes N187.2 Billion Revised Supplementary Budget

 

Ambali Kicks As Approved Revised Budget Estimate Of N187.5 Billion Initially Proposed, Decreases By N308.3 Million.

 

The Kwara House of Assembly has passed the N187.2 billion revised supplementary budget estimate of Governor AbdulRahman AbdulRazaq.

The revised fiscal policy was passed after considering the House Committee on Finance and Appropriation report on the ‘Revised Supplementary Appropriation 2022 Bill’.

The report was submitted by the committee chairman, Ibrahim Ambali (APC-Owode/Onire).

Mr Ambali noted that the approved revised budget estimate was against the N187.5 billion initially proposed, indicating a decrease of N308.3 million.

He said capital expenditure is now N86.9 billion against N89.3 billion originally proposed, while proposed Recurrent Expenditure stands at N83.7 billion against N81.6 billion as total debt servicing of N16.5 billion is retained as proposed.

The house clerk read the 2022 revised supplementary budget estimate the third time before its eventual passage.

Speaker Yakubu Salihu directed clerk, Halimah Kperogi, to produce a clean copy of the Revised Budget Estimate for the governor’s assent. 

(NAN)