BREAKING NEWS

Metro

World

Spiritual

22 Oct 2017

BudgIT: Only 4 States Can Pay Salaries Without Borrowing [See LIST]

A new report by BudgIT, a civil society organisation, has shown that only four states in Nigeria can pay salaries without resorting to lending or going to Abuja for bailout funds.
The report, state of State 2017, was launched on Thursday and released to the public on Friday.

“Important is states’ ability to meet their recurrent expenditure obligation with all revenue source — a test of prudent fiscal management.

The states are:

1. Kano,

2. Katsina,

3. Rivers and

4. Lagos top that portion of the index.

“In effect, only four states could meet their recurrent expenditure obligation without resorting to borrowing or tapping donor funds and other extra-budgetary revenue sources.”

Majority of the states lost large portions of the federal accounts allocation committee (FAAC) monthly allocation to monthly deductions over debts.

PLACE YOUR TEXT ADVERT BELOW:>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

How I Made Me =N=2.5 MILLION In 7 Days from 2 Common Product I Imported and how you can do the same. Click HERE FOR FREE Details right now

Warning To Men: This 3 Foods Is Killing Your Erection. Click Here To Know Them

Loading...

SHARE YOUR STORY WITH US VIA EMAIL: INFO@247NIGERIANEWSUPDATE.CO

RECEIVE NEWS VIA OUR WHATSAPP, KINDLY TEXT +234 701 056 0394 TO ADD YOU

CLICK HERE TO JOIN US ON OUR YOUTUBE CHANNEL FOR NEWS UPDATE

CLICK HERE TO JOIN US ON TWITTER FOR INSTANT NEWS UPDATE: @247NGNEWSUPDATE

CLICK HERE TO JOIN MILLIONS AROUND THE GLOBE TO READ NEWS ON OUR FACEBOOK FAN PAGE

FOR INSTANT UPDATES ON INSTAGRAM CLICK HERE

RECEIVE INSTANT NEWS UPDATE VIA OUR BBM BROADCAST: D3EDEFDF

Post a Comment

 
Copyright © 2015 247 Nigeria News Update
Website by Tech Guardian