The fourth budget of the Ogun State governor’s administration has been presented to the House of Assembly.
On Thursday at the session, the appropriation measure known as the “Budget of Continued Development and Prosperity” was presented to Olakunle Oluomo, Speaker of the Assembly.
Mr. Abiodun suggested N472.25 billion as the state government’s planned 2023 budget. Compared to the 2022 budget, which was N350.7 billion, this is approximately N100 billion more.
The governor urged the parliamentarians to specifically and thoroughly review the proposed budget and then send it back for approval by the administration when addressing to the assembly.
The governor asserted that every element of the proposed budget was a result of the desires expressed by the people of Ogun at earlier Budget Town Hall sessions.
While speaking at the assembly, the governor appealed to the lawmakers to thoroughly and expressly vet the proposed budget and return for executive assent.
The governor claimed that all the contents of the proposed budget emanated from the wishes expressed by the Ogun people at the different Budget Town Hall meetings earlier held
In the 2023 budget proposal, the governor proposed N201.84 billion as recurrent expenditure, while N270.41 billion was budgeted for capital expenditure.
Mr Abiodun also put personnel costs at N79.47 billion, social contribution and social benefits at N21.12 billion and public debt charge at N39.90 billion.
The overhead cost was also put at N61.35 billion; while capital expenditure is N270.41billion