Ekiti State Government on Saturday announced a reduction in its 2020 budget from N124.5 billion to N91.128 billion in accordance with the current economic realities due to coronavirus pandemic.
The state Commissioner for Information and Values Orientation, Mr Muyiwa Olumilua, made this known in a statement in Ado Ekiti.
He said Governor Kayode Fayemi approved a draft Supplementary for the downward review of the 2020 budget from N124.5 billion to N91.128 billion in view of the general fall in crude oil prices at the international market. “The Supplementary Budget proposes an estimate of N91,128,996,482.01, which is made up of Recurrent Expenditure of N56, 557,958,763.00, and capital expenditure of N34, 571,037,719.01.
“Out of the N2.5 billion, N2 billion will be expended on financing the State’s Health Care facilities and acquisition of medical equipment, while N500 million is for the purchase of medical consumables, drugs and other expenditure of the state medical facilities.
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