Oshiomhole Presents N159.213bn 2014 Budget

[Shola Sholaz]

Governor Adams Oshiomhole of Edo State has presented the state's 2014 budget estimates of N159.213 billion to the State House of Assembly for approval.
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Tagged "Budget of Renewed Hope", which is aimed at taking the state to the next level, the budget is N5.088 billion higher than the 2013, budget which stood at N154,125 billion.
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The budget which is aimed at opening up the state economy for rapid socio-economic development is made up of N85,595 billion or 53.76% Capital Expenditure and N73.617billion or 46.24% Recurrent Expenditure.
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On funding the budget, the Governor said the government hopes to get N115.589 billion as revenue; N65.331 billion as statutory receipts; N25.095 billion from Internally Generated Revenue, N4.899 billion from Aids and Grants; N8.246 billion from VAT, N6.423 from Excess Crude Account and N5.595 billion from Capital Receipts.

[Folami David]

Let's just hope the government will do their utmost best to make things right in that state. The indigens deserve better