The controversial 2014 budget which was prepared in line with the International Public Sector Accounting Standard (IPSAS) and presented to the Akwa Ibom State House of Assembly last year by the State Governor, Chief Godswill Akpabio was passed into law last Thursday following the report of the House Committee on Appropriation and Finance through its chairman, Barr Onofiok Luke.
The Appropriation committee who spoke through its head, Barr Onofiok Luke told the House that the delay in the budget was caused by the IPSAS principles which he said is very new to the House hence, the long time taken to go through the budget.



