By, Nick Dugba
The Taraba state government has requested for Supplementary Appropriation/Virement of N5,793,601,476.00 and N900, 679, 324.00 for supplementary appropriation for recurrent and capital expenditures respectively. Also, the sum of N135,759, 893.00 is being required to be “vired from unexpended capital expenditure sub head to deficit one”.
This was contained in a Bill sent to the House by the Executive Governor titled: A Bill for a law to authorize the issue out the consolidated Revenue Fund of Taraba state of Nigeria the supplementary sum of N6,894,280,800.00k for the services of the State for the year ending on 31st December, 2016.
The letter which was read at plenary and presided by Speaker, Peter Abel Diah, was dated 6/12/2016.
It read: “that unforeseen issues arising majorly from rising cost of governance necessitated by additional activities, inflation and increase in exchange rate which requires or will require additional financial commitment became imperative in the course of the financial year. Budgetary provisions for these issues were inadequate or not made in the 2016 Appropriation”.
The letter adds that, “ in line with Section 121 of the Constitution of the Federal Republic of Nigeria, supplementary appropriations and virements from unexpended sub- heads are required to finance the additional commitments and new initiatives” and that “affected agencies of government have applied for supplementary appropriations/virement”.
It concludes that “the request for supplementary appropriation is recommended to be funded through the budget support fund from the Federal Government to the State ”.
Recall that the House had approved the sum of N100,874,913,885.00 for the services of the State Government in the 2016 fiscal year, with recurrent revenue of N56,037,511,500.00 and capital receipt of N44,837,402,385.00.
Upon consideration of the letter, the Speaker then referred the Bill to the Committee on Finance and Appropriation for further scrutiny after it has passed first and second reading.
In another development, the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) has been forwarded to the Taraba state House Assembly by the Executive.
In a letter to the House, dated 6th December, 2016 and signed by Rt Hon. Haruna I.Gbana (MFR), says that “prior to the presentation and passage of 2017 budget by the House, it would be expedient that the 2017-2019 Medium Term Expenditure Framework and Fiscal Strategy Paper be deliberated and approved”.
After considering the letter, each member was availed with a copy to study before the next sitting when it would be deliberated upon.