Home People & Power Taraba proposes N97.4 bn budget for 2014

Taraba proposes N97.4 bn budget for 2014


Taraba State Acting Governor Alhaji Sani Abubakar Danladi has presented a draft budget of N97, 319, 103, 027.00 to the State House of Assembly with the total revenue projection of the 2015 estimated at N97,319, 103, 027.00 which comprises internally generated revenue estimate of N4, 528,926,649.00, federation Account Allocation of N52, 972,971,511.00, Refund of N 25,680,000, 000.00 form the federal Government for federal road projects executed by the state Government, Aids and Grants at N7,169,340,272.00 while the sum of N 6,967,864,595.00 from loans.
He said the figure is an increase of N13,963,765,498.00 or 16.75% over the 2014 approved budget figure due to refund due to the expected refund of the sum of N25,680,000,000.00 expended by the state government on federal Roads in the state.
The Acting Governor disclosed that the Ministry of Works has the highest allocation of the sum of N 22,063,221,363.00 in view of the fact that the government need to provide communities with access roads. According to him, Recurrent Expenditure is estimated at N42,652,509,453.00 or 43.83 made of personnel cost of N19,644,658,515.00, overhead cost of N13,250,697,996.00 and consolidated Revenue fund charges of N9,757, 152, 942.00.
He gave the break down of the consolidated Revenue fund charges which include public Debt charges N300,000,000.00, Internal loan Repayment N4,335,073,573.00, External loan Repayment N200,000,000.00, Statutory office Holders Expenses N 2, 218,227,000.00 and pension and Gratuities N2,703,852,369.00. He added that the budget has a total estimated capital Expenditure of N 53,300,985,274.00 which according to him, the amount is allocated to the capital projects under the various Ministries, Department.
Alhaji Sani Abubakar Danladi said the sum of N566,350,927.00 is being proposed as contingencies fund for making money available to meet expenditure that are not provided for in the appropriation act for the current year.

He said for the state to be able to meet its revenue targets as proposed, all hands must be on deck by stakeholders in the effort to harness the projected resources and urged both members of the executive arm and the legislature at state and National Assemblies to put pressure on the Presidency to secure the release of amount mean for the state.
He call on the citizens of the state to take advantage of government efforts in creating enabling environment for the growth of private sector in the state which include Micro, small and Medium Enterprises Development fund of the Central Bank of Nigeria which Taraba state has subscribed, the Agriculture funds available in Banks and other opportunities in the Bank of Industry.
He pointed out that he is aware of the hard economic that the state is passing through, it will take a lot of hard work, great sacrifice and tremendous discipline to achieve the target, but have no doubt that with collective commitment to the cause of the development of the state, it will in the shortest possible time realize its objective of developing the state.
Earlier, the speaker of Taraba State House of Assembly Rt. Hon. Mark Bako Useini dissolved all House Committees, saying that new ones would be constituted in future now that new Ministries have been created, He thanked all out going chairman of various committees and promise to bring back new committees as soon as possible for the state to more forward.
He thanked the Acting Governor for the Budget presentation, saying that the House have received the budget. The speaker assured the Acting Governor that the House would commence delibration on the budget after resuming from Recess on the 5th January 2015.
He further assured the Acting Governor that the House would ensure that Ministries and Agencies are put on the right track and also ensure that funds allocated are judiciously used.

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