Agbu Kefas, the governor of Taraba State, passed the 2025 Supplementary Budget, which includes a total of 143.42 billion dollars, along with a total of 14.68 billion dollars that the State House of Assembly has recently approved.
The 2025 supplementary budget’s implementation date will be extended until May 31. 2026.
The Governor made the revelations shortly after signing the supplementary budget, explaining that it is intended to address urgent funding needs in key areas of the state, including security, infrastructure, and economic development, while also reducing the impact of inflation and exchange rate pressures on ongoing projects.
According to him, the additional funding will enable the state to accelerate strategic development projects and realign spending with the MTEF (MTEF) as a response to emerging economic and security challenges.
With the new approval, Taraba’s total budget for 2025 has increased to $578.8 billion, with 68.9% of recurrent spending coming in and 31.1% of capital expenditures coming in.
Source: Channels TV
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