Governor Darius Ishaku of Taraba State on Thursday presented the State House of Assembly a budget estimate of N213, 632, 706, 810 for the 2020 fiscal year.
Ishaku tagged it a “budget of accelerated growth and development,” saying that N71.5bn representing 33.5 percent of the budget was for recurrent expenditure, while N142.6bn, representing 66.5 percent, was for capital expenditure.
The sectoral breakdown of the appropriation bill shows that work and transport received the highest share of over N77bn representing 36.6 percent of the total budget.
Governor Ishaku confirmed receipt of N21.8bn refund from the Federal government on federal roads constructed by the state government out of the over N42.2bn the state expended on the construction of federal roads in the State.
He also confirmed that the state also received over N33.7bn from the federation account.
Albasu Kunini, Speaker of the Assembly, during the budget presentation, commended the governor for paying attention to critical infrastructure and specific needs of the people of the State.
Kunini said the 2020 appropriation estimate, when passed into law and implemented, would further consolidate on the numerous gains made by the administration.
The 2020 appropriation estimate is higher than the 2019 budget by 31.63 percent
