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Assembly approves Okowa’s N71bn supplementary budget

The Delta State House of Assembly has approved a supplementary budget of N71bn presented by Governor Ifeanyi Okowa, who is soon to leave office.

The budget includes N5.6bn for recurrent expenditure and N65.5bn for capital expenditure, and will be used to pay for critical projects and ongoing projects in the state.

The Majority Leader, Ferguson Onwo, moved for the first reading of the budget and it was adopted by the Assembly.

In his letter to the Assembly, Okowa said, “May I wish to note that there has been actual and projected increase in some fiscal receipts. Consequently, the supplementary budget has become necessary for appropriation to pay for some critical projects and activities of government as well as fund ongoing projects across the state in year 2023.

“In the light of the foregoing, it would be greatly appreciated if the draft 2023 Supplementary Appropriation Bill is placed before the House at it earliest convenience for consideration and passing into law.”

 

Source:Rootstv
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