Share this:

Like this:

Like Loading...
" />
Published On: Wed, Nov 13th, 2019

Ortom presents N189b budget for 2020 fiscal year

Share This
Tags

From: Uche Nnorom, Makurdi

Benue State Governor Samuel Ortom yesterday presented a budget estimate of N189.4billion for 2020 fiscal year to the State House of Assembly.
Christened ‘Budget of Advancement, Growth and Development’, the 2020 estimate is N10.3 billion lower than the 2019 budget of N199.7billion.
The governor said the recurrent expenditure stood at N114.5billion while N50.6 billion was earmarked for Personnel cost as Overhead cost got a share of N63.9 billion and Capital project pegged at N74.9billon.
Ortom disclosed that the Economic sector takes the highest share of N73.7 billion followed by the Social sector with the sum of N64.6billion and the Administrative sector got N48.2billion while the Law and Justice sector has the lowest share of N2.8billion.
The Governor pledged that his administration will focus and pursue aggressive growth and development of the State especially now that it has achieved relative peace.
Receiving the estimated budget, Speaker of the House, Titus Uba, noted that the presentation of the 2020 estimate was the earliest budget proposal ever presented to the Assembly since the return of democracy to the country in 1999.
He assured that the House would ensure accelerated passage of the budget even as he appealed for cooperation of his members and the various Ministries Departments and Agencies, MDAs to achieve success.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

%d bloggers like this: