Jigawa state government said it has reasons to seek for supplementary budget amounting to 21.7 billion as approved recently by the state House of Assembly.
According to the state Commissioner of Finance, Hon Babangida Umar Gantsa, the state deemed it fit to secure supplementary budget to finance some important projects, including the 2021 budget.
He said the supplementary budget is for the state to achieve its desired goals in ensuring that all key socio-economic development projects and programmes are fully funded and completed by the beginning of 2023 fiscal year without having to leave huge contractual commitments and liabilities.
The commissioner added that the 2021 budget was proposed on 11.9% inflation rate and now it is 17.9% while the projected $40 per barrel of crude is now rated at $69.
“In a simple term, the cost of project has increased and also the expected consolidated revenue has increased; so it is inevitable to have supplementary budget for the full implementation of 2021 state appropriation bill,” he explained.
While shading more light, the 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 including our constituency projects.”
He said the supplementary budget approved by the House will be used to fund projects in education, health, electrification and road projects as contained in the letter sent in by the executive.
