From VICTOR GAI, Jalingo
Taraba state Governor Darius Ishaku, has presented to the Taraba State House of Assembly, the 2020 budget estimate of N213,632,76,810 representing an increase of N67,558,349,928.42k or 31.63% over the 2019 budget.
Tagged “Budget of accelerated growth and development”, the recurrent expenditure has N71,569,518,000.034 while capital expenditure has N142,62,558,776 representing 66.5%.
The estimate, he stated was guided by Federal Government macro economic variables: International oil bench of 57 dollar per barrel, oil quota of 2.18 million barrel per day, N305 per dollar, inflation rate of 10.81% and GDP growth rate of 2.93%.
Based on sectoral allocation: Agriculture gets N8.5bn, representing 4.01%, commerce and industry- N1.1bn representing 0.54% and rural and community development -N4.7bn representing 2.2%.
Others are education-N11.2bn, works and housing-N77bn, Finance and poverty alleviation-N3.6bn, information-N1.4bn, Health-N14bn, Social development-N1.7bn, environment and forestry-N935,000,000, Solid minerals-N200,000,000, water resources- N3.6bn, lands and urban development- N2.4bn, Executive- N3.8bn, governance- N2.2bn, legislature-N1.7bn.
Gov. Ishaku also disclosed that human capital development was a priority hence the huge allocation to education.
He however acknowledged the healthy relationship between the executive and legislature.
In his speech, Speaker of the Taraba State House of Assembly, Joseph Albasu Kunini, assured the governor of the support of the House.
He said, “we therefore assure your Excellency of our willingness and readiness to give the 2020 budget the desired attention with a view to passing it in good time for implementation”.