Kefas presents N311 billion Appropriation Bill for 2024
Gov. Agbu Kefas of Taraba on Friday presented N311 billion Appropriation Bill for the 2024 fiscal year to the state House of Assembly.
A breakdown of the budget estimate shows that N111.6 billion, representing 39.5 per cent, was provided for recurrent expenditure, while N199.9, representing 64.1 per cent, was for capital expenditure.
Kefas listed the sectoral allocation, with education having the highest allocation of N43.2 billion, representing 13.9 per cent of the budget.
He said that Health followed with N33.5 billion, representing 10.6 per cent and works, which was allocated N24.8 billion, representing 8.0 per cent.
The governor further said that the budget was anchored on the five-finger agenda of his administration, which include education, security, women/youth development, infrastructure and health.
He further said that the budget would place specific focus on education, including teachers training, improvement of schools and many other interventions.
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He said that five per cent statutory deduction was from the state revenue to the ‘Greening Taraba Project’, in order to preserve the natural beauty of the state and mitigating the effect of climate change.
Earlier, the Speaker of the house, Mr Kizito Bonzena, acknowledged the good working relationship between the executive and the legislature.
Bonzena, therefore, promised speedy passage of the budget in order to keep up with the January-December time-frame.
VMT NEWS recalls that the state initially had N150 billion budget for 2023, with N206 billion supplementary budget.
