A supplementary budget for 2023 Fiscal year, in oil-rich Delta State, has passed first reading on the floor of the Delta State House of Assembly (DTHA).
The proposed supplementary budget of N166.5 billion was forwarded to the lawmakers by the Governor, Rt. Hon. Sheriff Oborevwori for consideration and possible passage by the House.
The letter conveying the 2023 supplementary budget of N166.5 billion, was read at the resumed plenary of the House by the Speaker, Rt Hon Emomotimi Guwor.
The supplementary budget was contained in the letter, consists of N120.2 billion as capital expenditures and, N46.3 billion as recurrent expenditures.
Oborevwori explained that the supplementary budget had become necessary to further the MORE agenda of the present administration.
The Speaker, Emomotimi Guwor announced Thursday 7th September 2023 as the date for the second reading of the bill.
It would be recalled that the State Assembly, earlier in May, this year, passed a N71 Billion Supplementary appropriation Bill for the 2023 Fiscal year ending December 31.
It would be recalled that The Story had earlier reported that barely three months after the past administration led by Dr. Ifeanyi Okowa signed N71 billion supplementary budget, the sitting governor of Delta State, Rt. Hon. Sheriff Oborevwori, is set to approach lawmakers for another N167 billion supplementary budget.
Briefing journalists on Wednesday August 30th 2023, shortly after the inaugural State Executive Council meeting, Commissioner for Economic Planning, Mr Sonny Ekedayen, disclosed that exco approved the sum of N167 billion as 2023 supplementary budget.