The Ogun State House of Assembly on Monday passed the Governor Ibikunle Amosun-led administration’s N211.86bn budget proposal for the 2013 fiscal year.
Presiding over the passage of the budget by 21 members of the assembly, the Speaker, Mr. Suraj Adekunbi, said it was passed “having considered the budget proposal clause by clause and section by section.”
Amosun had presented the 2013 budget proposal tagged; ‘Budget for sustainable growth, to the legislature on November 20, 2012 for the lawmakers’ consideration and passage.
The budget proposal as presented before the House by the governor was made up of N118.23bn capital expenditure or 56 per cent of the total estimates, and N93.64bn recurrent expenditure, representing 44 per cent of the total budget outlay, which represented an increase of 5.6 per cent when compared with the 2012 budget.
Adekunbi, while reading the budget proposal on the floor of the House, said after its third reading, the budget was passed and sent to the governor for his assent.
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