AKEREDOLU PRESENTS N159 BILLION ONDO BUDGET FOR 2021 The Ondo State Governor, Oluwarotimi Akeredolu has presented a budget proposal of N159 bi
AKEREDOLU PRESENTS N159 BILLION ONDO BUDGET FOR 2021
The Ondo State Governor, Oluwarotimi Akeredolu has presented a budget proposal of N159 billion naira for the 2021 fiscal year to the State House of Assembly.
The budget tagged “budget of hope” was presented at the plenary of the state legislature by Commissioner for Economic Planning and Budget, Emmanuel Igbasan, who represented the governor at the occasion.
The 2021 budget proposal which has a total of # 159billion is higher than the N151 billion budgeted for 2020 fiscal year.
The 2021 proposed budget was said to have been prepared on the projections of the 2021 to 2023 Medium-Term Expenditure Framework (MTEF) as required by Fiscal Responsibility Law passed by the state House of Assembly.
A total sum of N103billion naira has been budgeted for recurrent expenditure and a sum of N56 billion for capital expenditure. Over N13 billion was also voted for debt services and N12billion for statutory transfer.
While receiving the budget, the Speaker, RT Hon Bamidele Oleyelogun, applauded the governor for giving priority to all sectors, to ensure all-round development of the state.
Oleyelogun assured that the Assembly would do the needful before the proposed budget estimates are passed into law.
On his part, Commissioner for Economic Planning and Budget, Emmanuel Igbasan posited that the budget is all inclusive to meet the aspiration of the people