Adamawa State Commissioner of Finance, Alhaji Ibrahim Vokna has on Tuesday presented the breakdown of the 2014 budget ,saying that the policy direction of the budget is geared towards consolidating good governance as contained in vision 20:2020 and Millennium Development Goals.
The state governor had earlier presented the sum of N97.9b as the budget estimates for the 2014 Fiscal year on 6th December, 2013 which was approved and signed into law by the State House of Assembly on 19th February, 2014.
The budget consists of N57.8b as recurrent expenditure and N40.1b earmarked as capital expenditure with the Ministry of Works carrying the largest share of N13.7b which constituted 14.02% of the budget estimates while the Ministry of Education got 11.43%.
The Security and Special Services also got the sum of N4.3b representing 4.41% of the budget while Ministry of Health and Agriculture got N3.2b representing 3.28% and N1.9b representing 1.92% respectively.
Vokna said in order to achieve the mission of the budget which is enhancing the rapid socio economic growth of state, some fiscal control policy measures which include the implementation of the International Public Sector Accounting Standard (IPSAS), the e-revenue programme and linking MDA’s to the Treasury Office through optic fibre among other measures will be implemented this year.
The Commissioner of finance added that the state government also intends to train and retrain its civil workforce for optimal performance of the budget saying that such measures were responsible for the successes recorded by previous budgets.
He said the 2013 budget performed at 82% implementation adding that the state government will vigorously strive to enhance its Internally Generated Revenue Profile for the Government to enhance the delivery of the Democratic dividends to the people.
He further explained that the state government will soon float Contributory Pension Scheme in order to address the lingering problems in the pension sector.