Benue assembly passes n189.5 billion budget for year 2020
Benue State House of Assembly has passed into law the appropriation bill of N189,483 511, 025 for the year 2020. Forty-five days after Governor Samuel Ortom presented the budget to the House on November 12th, 2019.
During the budget break down, the house approved a figure of N114,548, 525,887 for recurrent expenditure, while N74,934,955,138 was allotted for capital expenditure with N43,109,050,976 for deficit financing.
The house approved the passage after it considered and adopted the report and recommendations of the House Standing Committee on Appropriation presented at plenary by its Chairman, Hon. Peter Enemari.
The Speaker Rt Hon Titus Uba, who announced the passage disclosed that the approved budget for the economic sector got the highest vote of N73,790,691,145, the Social sector got the second-highest allocation of N64,613,349,889 while the administrative sector, Law and justice getting N48,278, 003, 228 and N2,801,446,763 respectively
The proposed budget christened Budget of "Advancement, Growth and Development" is to ensure adequate provision for implementation of programmes that reflect the economy and accelerate growth as well as completion of on-going projects and the consistent payment of emoluments.
The 2020 proposed estimates are less than the 2019 approved estimates by 10,261532, 885 and from the findings of the House, it performed abysmally on revenue and capital expenditures.