The approval followed the adoption of the report of the House Committee on Finance and Appropriation on the fiscal strategy paper at plenary of the house.
The motion for the adoption of the finance and appropriation committee report was moved by the House Majority Leader, Honourable Tim Owhefere and was unanimously carried.
The Vice Chairman of the committee, Hon Tonye Timi had while presenting the report recalled that the Delta State Fiscal Strategy Paper, FSP for 2017-2019 was received by the house on Tuesday, 25 of October 2016 and committed to the committee for further legislative works.
He said that the committee discovered that the FSP was an economic framework, key to the preparation of the state budget, including update of both historical and current factors affecting budget implementation.
The lawmaker stated that the FSP is the first step in the budget presentation circle, disclosing that the document equally gave projections and indications of income and expenditure for a period of three years.
Hon Timi stressed that after thorough analysis of the document the committee agreed with the projection made by the executive, hence the recommendation that the document be approved by the house in order to facilitate it use for the preparation of the state 2017 budget.
Also adopted for further legislative action was the report of the committee on Agriculture and natural resources on a bill to amend the Delta State Agricultural and Rural Development Authority Law 2006.
Presenting the report, the Chairman of the Committee, Hon Evans Iwhurie said the committee tried to understand the justification of the amendment proposed in the various sections in the principal law and made some recommendations.
The lawmaker further explained that it was observed that the main aim of the amendment is to correct some grey areas in the principal law geared towards actualizing the dream of the state government in agriculture.
Meantime, a bill for a law to provide for Private Participation in Forestry Development and for Establishment of a Forestry Trust Fund in Delta State has passed first reading on the floor of the state house of Assembly.
The bill is being sponsored by Hon Evans Iwhurie, Ethiope East and seven others.
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