The Kwara House of Assembly on Thursday passed the sum of N190.9b as the 2018 Kwara Appropriation bill.
The House jacked up the budget with about N9b as against N181.8b presented by Gov Abdulfatah Ahmed on November 25, 2017.
The budget was passed after the House had deliberated on all sub headings at Committees meeting which lasted for over two hours.
The total capital receipt stands at N110,089,173,434 as against N106,681,798,633 while the recurrent expenditure was pegged at N79,908,252,137 as against N75,204,257,922 submitted by the Governor.
In the budget, the total recurrent surplus, which is transferred to Capital Development fund is now N41,921,359,879 as against N39,263,985,078 earlier presented with an increase of N2,657,374,801.
The total Internally Generated Revenue projected for 2018 was N38, 336, 131, 710 as against N38, 451, 255, 162 presented by the Governor.
The statutory revenue from the Federation Account is N33, 116, 928, 484 as against the proposed N27, 999, 103, 484.
Similarly, the capital expenditure in the 2018 budget stands at N110, 089, 173, 434 against N106, 681, 798, 633 projected in the appropriation bill presented by the Governor.
The House made provision for Local Government with N2billion, State Universal Basic Education Board got N3b, N1b was allocated to Kaiama road project, while Energy got N250m and Tertiary Institution was allocated N700m.
The Speaker directed the Clerk to prepare a clean copy of the bill for the Governor’s assent.
The State Commissioner for Planning and Economic Development, Alhaji Wasiu Odewale, while speaking with ROYAL NEWS after the passage of the budget said that the 2018 budget will be assented to before end of December.
The Commissioner described the budget as a feat in the history of the state, adding that Kwara was one of the States in the country that submitted appropriation bill early to the State Assembly.
Odewale said his ministry started the redesigning of budget processing in the state, which according to him, made it possible for the swift passage of the bill.
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