COVID-19: Adamawa cuts 2020 budget by 24%

State Executive has approved a downward review of 2020 budget by 24 cent, affecting capital expenditure and overhead costs.

Commissioner for Information and Strategy, Dr Umar Pella, disclosed this shortly after an Extraordinary of the presided over by Gov. Ahmadu Fintiri in Yola on Tuesday.

The decision was reached after the considered and approved a review of the 2020 Medium Expenditure Framework and Fiscal Strategy Paper in line with the extant laws of the Fiscal Responsibility Commission 2018.

The state of Assembly in December 2019, approved the 2020 budget estimate of N183.3 billion presented by the governor.

Pella explained that the measure was taken by the council after a holistic review of the situation and considered the crisis affecting the economy as a result of COVID-19 .

He added that government had deemed it necessary to review the budget to meet up with the physical realities.

He said that the budget review would soon be transmitted to the state assembly for consideration and .

In his remark, the Commissioner for Finance, Mr Ishaya Dabari, said the review did not personnel costs and was on the benchmark used by the Federal Government.

Dabari was optimistic that the review of the budget would be realised. (NAN)