Dr. Agbu Kefas, the governor of Taraba State, submitted the budget proposal for the fiscal year 2024, totaling ₦311,388,525,661.96 to the State House of Assembly on Friday.
The budget for 2024 was tagged “Moving forward,” with the majority of the administration’s focus sectors being the health, education, and governance sectors.
In his opinion, the 2024 budget would guarantee the state’s adoption of responsible financial management techniques in order to accomplish sustainable growth, better service delivery, and an improvement in the general welfare of the populace.
The governor said, “Total Recurrent Expenditure is estimated at ₦111,679,595,358.59) only representing 35.9%. This is made up of a total Personnel Cost of ₦56,659,880,300.48 only, and other recurrent costs of ₦55,019,715,058.10 only.
“The capital expenditure estimate of ₦199,708,930,303.37) only representing 64.1% is the highest ever in the history of the state.
The breakdown of the budget shows that N65,524,088,626.72 is allocated for governance, N43, 208,278,849.29 for education, and N33,054,686,84804 is allocated for the health sector.
The speaker of the Taraba State House of Assembly, Hon. John Bonzena, had earlier praised Kefas for his progressive measures to guarantee a new Taraba.
In addition to revealing that Tarabans now had transformative hope thanks to Kefas’s developmental agenda during the last six months, Bonzena promised the assembly will continue to support the government’s executive branch in order to bring about the necessary development.
