The Taraba state House of Assembly has approved the sum of N100,874,913,885.00 as the 2016 budget for the state, as against the proposed estimate of N68,810,113,885.00 presented earlier on by His Excellency, Governor Darius Ishaku.
The bill known as the Taraba state Appropriation Bill 2016, passed through third and final reading today at the Taraba state House of Assembly.
In a plenary session presided over by Speaker of the House, Mark Bako Useni, the House, in an unanimous decision approved the passage of the bill into law.
The Majority Leader, Joseph Albasu Kunini moved the motion for the third reading while Hamman Adama Abdullahi, Bali 2 constituency, seconded the motion.
The Speaker appreciated the entire House for its contribution to the success of the exercise and said it was an important function that bore directly on the lives of the people which gave the executive the opportunity to better the lives of the people.
He therefore directed the Clerk of the House Ismailu Ukwen Tentason to produce a clean copy to the Governor for his assent.
Meanwhile, the committee on Finance and Appropriations has observed that the 2016 appropriation bill as presented to the House by the executive Governor was the least in recent times, and therefore in its recommendations, increased the estimates which would be sourced from the following: refund from the Federal Government for road construction in the state and increased internally generated revenue (IGR) from ministries, departments and agencies, among others.
In the report, the committee also observed that there are several years of audit report yet to be submitted to the House for adoption as provided by Law.
‘’That supposed revenue from vehicles belonging to political and public office appointees in the state is not usually tapped.
This is because at the end of their tenure most officers are left to go with vehicles without valuation and payment to Government as contained in the monetization policy’’.
‘’That the state revenue tariffs/rates are outrageously low and need to be reviewed higher’’.
It is therefore based on these observations that the committee had to do an ‘upward review of the expected expenditure from N68,810,113,885 to N100,874,913,885:00 ‘’ with a recurrent expenditure of N42,728,324,350:00 representing 42.36 percent and capital expenditure of N58,146,589,535:00 representing 57.64 percent.
It would be recalled that the executive governor, Arc. Dickson Darius Ishaku, had on 23rd December, 2015, submitted for approval the total of N68,810,113,885:00 as 2016 budget, which was made up of N42,728,324,350 representing 62.10 per cent as recurrent expenditure and N26,081,789,535, representing 37.90 per cent as capital expenditure.