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Punch Newspapers Sections Chima Azubuike, Gombe The Gombe State Assembly on Monday approved N120.3bn as the state budget for the 2021 fiscal year. This figure represents an increase of N682.6m over the initial N119.6bn proposed by the State Governor, Inuwa Yahaya. The chairman, House Committee on Appropriations, Aliyu Manu, said, this year’s budget estimate was derived from 2021 to 2023 Medium Term Expenditure Framework and Fiscal Strategy Paper with Macro-economic assumptions of daily production of 1.86 Million Barrels at $40 per barrel, exchange rate of N379 to a US Dollar and Mineral Ratio of 35 per cent as well as 15.86 per cent implied a growth in VAT among others. ....
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. ....