By Hajara Leman
Gombe, Dec. 18, 2020 Gombe State House of Assembly (GSHA) has passed into law the State’s 2021 Appropriation Bill of N120.34 billion, reflecting an increase of (N682. 68 million) over the initial sum of N119.66 billion proposed by Gov. Inuwa Yahaya.
This was contained in a Statement signed by Mr Abubakar Umar, Information Officer, GSHA and made available to newsmen on Thursday night in Gombe.
The Chairman, House Committee on Appropriation, Mr Aliyu Baba-Manu, while recommending passage of the Bill on the floor of the House, said the budget estimates were derived from the 2021 – 2023 Medium Term Expenditure Framework (MTEF).
He said the Fiscal Strategy Paper (FSP) was based on the macroeconomic assumptions of daily production of 1.86 Million Barrels at $40 per barrel, and exchange rate of N379 to a US Dollar and Mineral Ratio of 35 per cent as well as 15.86 per cent Implied growth in VAT, among others.
Muhammadu Inuwa Yahaya PHOTO:Twitter
Gombe State House of Assembly (GSHA) has passed into law the State’s 2021 Appropriation Bill of N120.34 billion, reflecting an increase of (N682. 68 million) over the initial sum of N119.66 billion proposed by Gov. Inuwa Yahaya.
This was contained in a Statement signed by Mr Abubakar Umar, Information Officer, GSHA and made available to newsmen on Thursday night in Gombe.
The Chairman, House Committee on Appropriation, Mr Aliyu Baba-Manu, while recommending passage of the Bill on the floor of the House, said the budget estimates were derived from the 2021 – 2023 Medium Term Expenditure Framework (MTEF).
He said the Fiscal Strategy Paper (FSP) was based on the macroeconomic assumptions of daily production of 1.86 Million Barrels at $40 per barrel, and exchange rate of N379 to a US Dollar and Mineral Ratio of 35 per cent as well as 15.86 per cent Implied growth in VAT, among others.