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Tuesday, October 3, 2023

Benue Exco Approves Budget Estimate Of N179,750bn For 2023

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Benue state executive council has approved the sum of N179,750 billion budget estimate for the 2023 fiscal year.

The estimates were compiled by the state Ministry of Finance and Budget Planning for onward transmission to the Benue State House of assembly for consideration.

At the opening session, governor Samuel Ortom who presided over the sitting, said the estimates were based on submissions by various MDAs on concurrent and capital spending in the new fiscal year.

According to the governor, the said estimates will be presented to the legislative house next week for further discussion and passage into law.

In a related development, the state House of assembly has passed the 2022 supplementary budget forwarded to them by governor Samuel Ortom.

The passed budget did not introduce any new funds and it has no supplementary revenue with the total budget earlier approved remaining unchanged

In the updated supplementary budget, the recurrent expenditure is over N100 billion with expenditure of over N75 billion while deficit finances stood at N184,48,000.50 leaving a total budget at over N175 billion.

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