News
Gov Emmanuel presents 697.005 Billion budget estimate for 2023 to Akwa Ibom Assembly
By Adeleye Kunle
The Governor of Akwa Ibom State, Mr Udom Emmanuel, on Monday, November 7, presented a proposed budget of N697.005 Billion to the state House of Assembly for the 2023 fiscal year.
The budget christened ‘Budget of Completion’ is against the approved revised provision of N631.881 of 2022, representing an increase of 10% from the 2022 revised budget.
He said the 2023 Budget is predicated on an oil benchmark of $70 per barrel at a production rate of 1.69 million barrels per day with an estimated exchange rate of N435.57/USS.
The governor explained that the budget, prepared in accordance with International Public Sector Accounting Standards (IPSAS) Accrual template, was estimated at a total of N344 005 billion as Recurrent Expenditure while N353.000 billion would go into Capital Expenditure
-
News7 days ago
Yahaya Bello: American International School Of Abuja Has Transferred $760,910.84 To EFCC Out Of $845,852
-
Politics7 days ago
Kogi: I didn’t pay $720,000 as school fees – Yahaya Bello
-
Politics7 days ago
Ondo Guber: PDP ‘ll win November election — Jegede
-
News7 days ago
Why people do strange, incredible things for love – Psychologist
-
Entertainment7 days ago
Davido on earning $1.3 million after NY performance
-
News7 days ago
Abia Speaker defies court order, declines inauguration of PDP lawmaker-elect
-
Politics4 days ago
Kogi gov, Ododo used immunity to protect Yahaya Bello from EFCC arrest – Oshiomhole
-
Politics4 days ago
Former IYC Scribe Congratulates Hon. Maxwell Ebibai on Reappointment as Bayelsa Commissioner for Finance.