Biase Council budgets 3.2 billion for 2021 fiscal year, seeks collaboration with critical stakeholders
Biase Local Government Council Chairman, Hon. Mrs Ada Charles Egwu on Monday announced a budget estimate of 3,222,023,847.00 (,three billion, two hundred and twenty two million, twenty three thousand, eight hundred and forty seven naira for the 2021 fiscal year.
Christened Budget of Collaboration, the Chairman said it is a budget is so named because the council wants to collaborate with relevant agencies to shore up development and increase revenue generation in the council area.
“By Budget of Collaboration what this presupposes is that in order to address any imbalance, drive down dividends of democracy to the grassroots which we seek to achieve, considering our dwindling resources, there must be collaboration with relevant/ critical stakeholders like Cross River State Government, Ministry of Local Government Affairs, MDAs, the rural populace”
She said the budget is opening with a balance of 55,176,938 million which is 1.71 %, ,Internally Generated Revenue, 30,000,000.00, Statutory Allocation from State Government 50,000,000.00 Allocation from Federal Government 1,3000,000,00_ Value Added Tax, 609,560, 212, 00 while Excess Crude Sales will get the council 30,000,000 and Grants from donor agencies will attract 100,000,00.
The capital will gulp 1,66 billion and according to the include Agriculture which has 45.,652 million, Livestock/vertinary 1,490 million, Forestry 450,000.00,
The Social Service Sector will take a total of 313, 356 and the subheads include water supply, drainage, Housing, Town and Country Planning, Environment and Refuse Disposal.
Mrs Egwu called on the councillors to not only debate the figures in the budget but also look at the peculiarities and potentialities the budget seeks to highlight for the development of Biase as the leading council area in the state.