The
Edo House of Assembly on has passed the 2015 budget estimates of N159.3
billion.
Governor
Adams Oshiomhole had on September 23 presented a budget size of N156.551
billion to the assembly for consideration.
Considering
the budget, the assembly shored up the appropriation bill with about N3
billion.
Speaking
on the occasion of the 2015 appropriation, the Chairman, Committee on
Appropriation and Project Monitoring, Hon. Peter Aliyu (APC Etsako East), said
the budget proposal as presented by the governor reflected the views of the
people and meant to complete all ongoing projects.
During
the consideration of the appropriation bill, the sum of N88.6 billion was
allocated for capital expenditure, while the sum of N70.7 billion was allocated
for re-current expenditure.
The
break down of the appropriation bill shows that the sum of N19.3 billion,
N5.5billion N2.8billion, N20.3billion was allocated for the recurrent
expenditure of the administrative sector, economic sector, law and justice and
social sector respectively.
Similarly,
the sum of the sum of N4.3 billion and the N36.9 billion was allocated for
capital expenditures for the administrative and economic sectors among others.
The
assembly after consideration of the bill with amendment passed the bill.
The
Speaker, Hon. Uyi Igbe, thereafter directed that clean copies of the bill be
sent to the governor for his accent.
Thisday
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