The Kwara State Government has proposed a budget of N157, 504, 952, 561 for the 2019 fiscal year.
Governor Abdulfatah Ahmed, while presenting the budget proposal to the state House of Assembly on Thursday, said with N1, 461, 612,762, the proposal was one percent higher than that of 2018.
Ahmed, who presented his last budget proposal as the governor of the state, disclosed that the budget is christened ‘Budget of Consolidation and Prosperity’ because it was planned to consolidated on past achievements and complete all the ongoing projects for welfare of people of the state.
The governor explained that out of the total estimate, the sum of N77, 720, 474 77, which is 49 percent, is for recurrent expenditure while the sum of 79, 784, 478 484 which is 51 percent of the estimate, was for capital expenditure.
He said the primary sources of revenue available to the state government for the proposed budget were statutory allocation; value added tax, internally generated revenue and other sundry revenue, with the statutory allocation estimated at N49, 940, 779, 620.
Giving the summary of capital allocation to sectors and sub-sectors, the governor disclosed that general public services received N35, 612, 955, 909 with a total of 15, 981,162,141 allocated to capital project in the sub-sector.
He said that a total sum of N9, 379, 619, 693 was earmarked for the education sector while health would gulp N23, 32, 795, 872.
The governor said the sum of N15, 981, 62, 141 is proposed to be expended on Works and Transport sector while N2, 168, 23, 852 is earmarked for water projects in the state.