Why we increased proposed 2021 budget by N11bn—KWSG

The Kwara State Government has explained why it increased the budget estimates from N123bn to N134.9bn, representing an increment of about N11bn.

The state Ministry of Finance and Planning said in a statement on Tuesday that it reviewed the 2021 budget proposal upward as a result of the receipt of N795m unremitted Pay As You Earn refunds from the Federal Government on Monday.

Recall that Governor Abdulrahman Abdulrazaq sent a letter to the state House of Assembly to increase the 2021 budget proposal.

A statement by the Press Secretary, Ministry of Finance and Planning, Saad Hamdalat, on Tuesday, said the Kwara State Government had won $16.9m worth of achievements in the 2019/2020 World Bank-supported State Fiscal Transparency, Accountability and Sustainability programme for results.

The statement read in part, “The import of the foregoing is that the state is eligible to the total sum of $16,900,000, representing performance-based grant for 2019 APA, with an earlier disbursement of $5m in November.

“Of the balance of $11.9m, the state has received additional $9.4m on Monday January 4, and awaits the balance of $2.5m later in the month.”

The statement also announced the receipt of N795,327,222,21 as the third tranche of the 25 per cent fund of unremitted PAYE from Federal Government’s MDAs domiciled in the state.

Show More

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button