By Asuquo Edem Akwa Ibom State 2023 Revised budget now stands at N850B as the Akwa Ibom State House of Assembly today during Plenary passed a supplementary estimate amounting to N150B. In a report presented to the House by the House Committee Chairman on Finance and Appropriation, Hon. Itorobong Etim, informed the Speaker and Members that the committee met with Heads of Government Ministries Departments and Agencies Including the Commissioner for Finance and Accountant General to obtain their views on government priority projects and programs, revenue, debt profile and sources of funding as it relates to areas of augmentation or savings in the supplementary estimates. She stated that the supplementary budget would be funded through Derivation Revenue of N80B, Direct Credit Substitute/Discounting Facilities/Internal Loans of N54.536B and an Opening Balance of N15.464B bringing to a total of N150B. Hon. Etim who represents Uruan State Constituency added that the Supplementary Budge...
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