By Emmanuel Awari-Jalingo
The Commissioner, Ministry of Budget and Planning, Solomon Elisha has disclosed that the focus of the Twenty -Twenty Budget is for the completion of the on – going projects, initiate and executing others that have direct bearing on the lives of Tarabans.
He made the disclosure while briefing newsmen in jalingo.
The Budget tagged: “The Budget of Accelerated growth and Development” gave the total Current Receipts at N130,969,607,876.00, Lons N88,853,368,934.00, while the Total Budget is N215,833,576,810.00.
According to him, 39.38 percent is expected Revenue from the Federation Allocation, 35.9 percent from Internal Loan while internally generated Revenue at 3.5 percent.
” From the above the above analysis, you will agree with me that there is need for paradigm shift from dependence on external sources to internal sources”.
” In this regards, there is the need for all hands on deck to explore the aboundant untapped resources so as to actualize our dream of becoming the leading economy in the North – East region”
According to him, the summary of the Internally generated Revenue by Ministries, Departments and Agencies (MDA’s), which Board of Internal revenue taking the lead with N3,869,046,562.00, followed by Taraba state University N725,000,000.00, Ministry of Environment and Forestry N403,440,000.00, Post primary Schools Management Board N272,829,201.00 and Ministry of Education N138,562,259.00. Others are Ministry of Works and Transport N126,470,000.00, College of Education N292,501,482.00, Ministry of Finance N1,100,000.00, Specialist Hospital jalingo N130,115,003.00, Taraba state Crushing and Ashphalt plant N150,000,000.00.
He said the Capital Expenditure by sub- sectors to include, Works and Transport N76,618,111,570.00(53.40) percent, Health N14,904,828,561.00(10.38) percent, Environment and Forestry N935,000,000.00(0.01) percent and Solid Minerals N200,000,000.00(0.1) percent.
Others are, Agriculture and Natural Resources N8,265,219,638.00(5.7) percent, Commerce, Industry and Tourism N1,149,683,347.00(0.8) percent, Rural Development N5,955,824,957.00(4.15) percent, Finance and Poverty Alleviation N4,061,559,612.00(2.83) percent, adding that the total Capital Expenditure stands at N143,485,248,829.00(100) percent.
” Despite the fact that this draft was presented at the verge of a festive period i.e the 2019 Christmas, Members of the Taraba State House of Assembly worked assiduously and passed the budget within thirty five days, kudos to them for placing the interest of the state first before their own” – he said.
He said that the total amount of Internally generated revenue stand at N6,580,448,886.00.
He disclose that the State Government planned to spend the sum of N72,338,327,981.00(33.52) percent on Current Expenditure while the balance of N143,485,248,829.00(66.48) percent is to be expended on Capital development.
Nasarawa Reporters 