Adhered strictly to 2021approved budget provision, Borno Finance commissioner tells MDAs
By Madu Mohammed, Maiduguri
The Borno state Commissioner for Finance, Budget and Economic Planing, Alhaji Adamu Lawan has warned all Ministries, Departments, Agencies and Parastatals (MDAs) to adhered strictly to the 2021 approved budget tagged ” The People’s Budget of Recovery and Consolidation” with total expenditure of N248, 392,616.
Speaking at Press Briefing on the 2021 Approved Budget breakdown held at the Multipurpose Hall of Government House, Maiduguri on Friday, the Borno state commissioner for Finance, Budget and Economic Planing, Alhaji Adamu Lawan said ” it is again noticed with dismay that ministries, departments and parastatals are not yet observing strictly to the laid down budgetary guidelines and procedures. Despite all efforts by the ministry of Finance, Budget and Economic Planing to curtail indiscipline, some government agencies went to incur expenditure that are not budgeted, miscalculations, and misappropriation of public funds will no doubt distort the process of the Budget”.
” The 2021 approved budget “the People Budget of Recovery and Consolidation” is N248, 392,616 with recurrent expenditure of N69,131252 and capital expenditure of N179,261364 this represent 27.8 percent and 72 17 percent respectively and the COVID 19 response with a total sum of about N27.966.744 billions”, Lawan added.
The commissioner further explained that the total budget expenditure of the 2021 budget stood at N248, 392 billion as compared to the N108,862 billion budgeted in 2020., adding that the budget is also expected to be financed through the Federal Allocations of N46. 254 billion statutory allocation, , as against N31. 855 billion in 2020, Value Added Tax of N16 110 billion as against N12 220 billion in 2020 and other Federal aids of N4.520 billion as against N3. 363 billion in 2020.
He said to block linkages in the generation of Internally Generated Revenue (IGR), the state government has commenced the implementation of Treasury Single Accounting TSA system in all revenue generation agencies includes tertiary institutions through Remittance of all payments.
Alhaji Lawan said ” the approved budget of 2021 Which is accrual basis tagged as the People’s Budget of Recovery and consolidation” is essentially aimed at sustaining the noticeable gains of the government’s developmental efforts in the last 20 months which revolve around our policy thrust of good governance. This budget is based on the newly domesticated Borno state chart of Account which is incompliance with the International Public Sector Account Standard ( IPSAS) and inline with 2021 implementation plan of the State Development Plan (SDP) tagged ” Our Borno, Our Success launched last year”.
He further said ” the objectives and guiding principles of the 2021 budget is to rekindle economic growth job creation and support for SME, Reconstruction and Rehabilitation of infrastructure interns of road network water and sanitation, electricity and housing and entrench good governance through a robust responsive service build on principles of accountability, transparency, equity and justice”.