By Peter Duru
MAKURDI—Benue State House of Assembly, yesterday, passed the 2017 Appropriation Bill of N176.6 billion into law.
The passage of the fiscal estimate was sequel to the consideration of the report of its standing committee on Appropriation in the Committee of Supply, headed by the Speaker, Mr. Terkimbi Ikyange.
Christened Budget of Rural Transformation, the passed bill was N12.7 billion higher than the N163.9 billion originally presented to the Assembly last year by Governor Samuel Ortom.
Chairman of the Appropriation Committee, Mr. Adam Okloho, said: “The increase became necessary following the non-inclusion of some ongoing projects by the Ministry of Finance and additional requests by MDAs for inclusion of some critical projects, which were omitted in the proposed estimates.”
A breakdown of the estimate showed that N66.7 billion was allocated to recurrent expenditure, while N109.9 billion would go capital expenditure.
The deficit financing of the budget stood at N36.1 billion.
The House also directed the Finance Ministry to ensure releases to MDAs as and when due, to enable them carry out the implementation of their capital expenditure votes.