Benue State Governor, Gabriel Suswam, has presented the 2014 fiscal year budget of N105.1 billion to the Benue State House of Assembly for urgent approval.
Out of the amount, the governor said N41.6billion was for capital expenditure and N37.1 billion to be derived from personnel costs while N26.3 billion is for overhead costs.
LEADERSHIP Weekend reports that 2014 budget proposal was 78 per cent less than the N136.4billion approved budget for 2013 fiscal year. The budget is christened “Budget of growth, revitalisation and transformation.”
Suswam said while presenting appropriation proposals to the lawmakers that “his administration decided to propose a realistic budget for fiscal 2014 since it was the only full year budget before expiration of his tenure in May 2015.”
He stated that he was conscious of the dwindling accruals from the federation account which he said was the main source of the state’s revenue and noted that the budget would concentrate on completion of on-going projects across the state.
He said concerted efforts would be made to improve on the state’s internally-generated revenue which stood at about N6billion in the 2013 fiscal year, adding that about 2,000 jobs will be created for unemployed graduates in the civil service, under the SURE-P programme.