Benin The Edo House of Assembly has reduced the year 2016 revised budget of N116.64 billion to N115.91 billion

The house had in February passed a budget size of N116.6 billion.
The recurrent expenditure was put at N57.9 billion while the capital expenditure was N59.5 billion.

The capital expenditure which stood at N59.5billion was reduced to N52.4 while the recurrent expenditure was increased from N57,9 billion to N63.4billion.
Considering the bill at the committee of the whole, the majority leader, Foly Ogedengbe (APC Owan East) said the amendment of the year 2016 revised appropriation bill was to allocate unspent monies from one heading to another through virement.
Ogedengbe said the reduction in the capital budget was to enable government pay workers salaries particularly the judicial workers in the state.
He also said the reduction was due to the dwindling allocations from the Federation account, arising from the fall in oil prices at the international market.

 

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Rt Hon. Justin Okonoboh, EDHA Speaker

The Speaker Justin Okonoboh said that the 2016 appropriation law earlier passed had to be reduced because of the dwindling federal allocation accruing to the state.
“We are reviewing the budget downward to reflect the actual reality of the nation’s economy,” he said.
The house rules 20, 27, 42 43 44 and 45 were all suspended at the committee of the whole to enable the lawmakers consider the bill.
Also, a bill for a law to establish the multi-door court house was sent to the house for consideration and passage.