The Kwara state Governor, Abdulfatah Ahmed, has presented a budget estimate of over 135.3 billion Naira before the state House of Assembly for the 2017 fiscal year.
Laying the budget tagged: ‘budget of introspection and sustenance’, is an increase of 29 billion Naira of the revised 2016 appropriation law.
Out of the estimate, over seven billion Naira is earmarked for capital expenditure while 57 billion, is for recurrent expenditure estimate.
Giving the sectorial analysis of the budget, economic affairs was allotted the highest vote, with an estimate of over 35 billion naira which represents twenty-six per cent of the budget size.
On the other hand, 29 billion, has been earmarked for the education sector, 26 billion allocated to health, over eight billion Naira for social protection while recreation, culture and religion have over one billion Naira.
The governor said the 2017 budget was anchored on current economic realities and determination to look inwards for sustained prosperity and development.
He reassured the state residents of his administration’s commitment to implementing result-oriented policies and programmes that would boost economic activities, unlock growth and create jobs in the 2017 financial year.
Laying the budget tagged: ‘budget of introspection and sustenance’, is an increase of 29 billion Naira of the revised 2016 appropriation law.
Out of the estimate, over seven billion Naira is earmarked for capital expenditure while 57 billion, is for recurrent expenditure estimate.
Giving the sectorial analysis of the budget, economic affairs was allotted the highest vote, with an estimate of over 35 billion naira which represents twenty-six per cent of the budget size.
On the other hand, 29 billion, has been earmarked for the education sector, 26 billion allocated to health, over eight billion Naira for social protection while recreation, culture and religion have over one billion Naira.
The governor said the 2017 budget was anchored on current economic realities and determination to look inwards for sustained prosperity and development.
He reassured the state residents of his administration’s commitment to implementing result-oriented policies and programmes that would boost economic activities, unlock growth and create jobs in the 2017 financial year.
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