Loses N8bn in 11 months
…as KWSG perfects 2017 document
By Mumini AbdulKareem
Kwara State Government failed to achieve many of the projections of the 2016 budget owing to shortfall in the revenue that accrued to the state, National Pilot can report.
This is coming on the heels of over N8 billion revenue lost between January to November 2016 in the state.
Chairman of the Kwara State House of Assembly Committee on Finance and Appropriation, Hon Moshood Bakare disclosed this while presenting the report of 2016 budget performance.
Bakare, during the second reading of the revised appropriation 2016 bill on Thursday at plenary, added that the committee detected that the N8 billion deficit could have been realised from some agencies in the state.
The report noted that the state revenue service needed to do more in its collection of revenue in the state to guide against the shortfall in the budget.
According to the report, “revenue stands at 80% as at September while capital receipt was 27% for the same month.
“The total revenue which include capital receipt plus FAAC and Internal Revenue was 57% for the same period.
“Shortfall of total expected revenue was 43%, that is why the state government could not achieve much”
According to the report, the breakdown of the revised budget sent by the governor was reduction in recurrent revenue from N128,109.791,414 to N103,724,979,237 while reduction in capital expenditure moved from N67bn to N48bn with difference of N18bn. That of the recurrent expenditure stood at N60,751,358,157 to N55,024,717,725 with difference of N5bn including payment of debts.
The Speaker, Dr Ali Ahmad in his remarks expressed dismay on the revenue loss and directed the committee to examine the rationale behind it.
e directed the committee to conduct a public hearing on the bill and report back to the House by Tuesday, 6th December, 2016.
The second reading of the bill which was moved by the Deputy House Leader, Hon Segilola AbdulKadir later passed second reading on the floor of the House.
Addressing the assembly correspondents after Thursday plenary, Chairman House Committee on Information, Hon Saheed Popoola said the House will summon managements of agencies that refused to remit revenue to the state.
He said the House rejected the “Kwara State Public Infrastructure Maintenance Support Levy” bill to avoid unnecessary burden on the people.
“Legislature is not at loggerheads with the executive, the state is not ripe for such bill”, he added.
Meanwhile, the Governor is reportedly finalising arrangement in preparation for the presentation of the 2017 budget, it was gathered last night.
According to a top source, who confided in this medium on the matter because of its sensitivity, the 2017 budget may be presented in the first week of December.
He added that the document is already prepared but only being perused again by the executive to ensure everything is in order before it is presented to the state House of Assembly for approval.
“The 2017 budget has been prepared and will be presented to the Kwara Assembly for approval probably before first week of December.
“You know all the MDAs and ministries have defended their budgets and the stage reached now by the executive is just the dotting of i’s and crossing the t’s and that should be concluded next week. So we are good to go once we are through with all these”, the source added.