The Jigawa state commissioner of Finance Alhaji Babangida Umar Gantsa has explained why the state is seeking for a supplementary budget of N21.7 billion.
Speaking to Journalists on Wednesday in Dutse, Gantsa said, the state deem it necessary to seek for the supplementary budget to finance some critical projects that were included in the 2021 budget.
He said the supplementary budget is to enhance desired goals in ensuring that all key socio economic development projects and programs are fully funded and completed by beginning of 2023 fiscal year without having to bequeath unnecessary huge contractual commitments and liabilities.
The commissioner added that, the 2021 budget was proposed on 11.9% inflation rate, saying it is now 17.9%, while $40 per barrel of crude is now $69.
“In a simple term, the cost of the project has increased and also the expected consolidated revenue has increased so it is indispensable to have supplementary for the full implementation of 2021 state appropriation bill”, he explained.
Also speaking, Chairman House Committee on Constituency projects, Hon Haruna Aliyu Dangyatin said, the executive submitted N18.99 billion as proposed supplementary budget but the House increased it to N21.7 billion.
“We increased the supplementary budget from the initial proposal sent by the executive arm of government to ensure adequate funding for constituency projects,” he stated.
He said the proposed supplementary budget will be use to fund projects in education, health, electrification and road projects as contained in the letter sent to the house by the executive.
The state assembly has already deliberated and passed the supplementary budget of N21.7 billion.
