Cross River Assembly approved N642BN 2025 Additional Budget

The Cross River State Council Council on Wednesday passed the 2025 additional budget of N642.1 billion.

Parliament, on December 24 last year, ratified the 2025 APROPRITICATION Bill of more than N538 billion.

An additional budget shows a variant of around N142 billion or an increase of 26 percent from the initial budget.

Chairperson of the DPR’s Finance and Aproprification Committee, Mr. Okon Owuna, who presented the Committee’s report on additional budgets during the plenary at UYO, said the addition was to accommodate some critical expenses that were not captured in the original 2025 budget.

Owuna said that the development had provided fiscal space to introduce additional expenses in all critical sectors.

Also read: Gov Otu Presents the N498BN 2025 budget proposal for the Cross River Council

According to him, the additional budget introduces upward adjustments in all sectors such as administration, economy, law, and justice, among others.

He said: “The main factors that require additional budgets including new obligations and emergency expenditure that are not captured in the original budget.

“There are also strategic programs that have just been approved that require direct financial support and increase prospects from internal income (IGR), internal grants, and state shares from the Federation Account Allocation Committee (FAAC).

“The budget will be financed from IGR, AIDS and Grant, and FAAC.”