Oyo State House of Assembly, on
Tuesday, reduced the 2019 budget of N282 billion passed into law by the
immediate past administration under the leadership of Senator Abiola Ajimobi to
N181 billion.
The review of the budget which
started last week Thursday, was at the instance of the incumbent Governor, Mr.
Seyi Makinde, who described the budget earlier passed as ‘unrealistic’.
Recall that the
Assembly had last week moved to slash the budget.
It has now reduced the budget and
passed into law N182 billion as the state appropriation bill for the year.
The bill that seeks to review the
appropriation bill 2019 was passed into law after the committee on public
accounts, finance and appropriation on the Oyo state appropriation (review)
Bill, 2019, presented its report to the house.
The breakdown of
N182,389,434,405,52 newly approved for the year put the recurrent expenditure
at N98,769,034,202:03, while the capital expenditure now stood at
N83,620,400,203:49.
The Speaker, Adebo Ogundoyin said
the bill was re-evaluated to the tune of N182 billion because the already
proposed N285billion appropriation bill by the past administration was
unrealistic.
A sum of N103 billion was cut-off
from Ajimobi’s proposed 2019 budget before the house could arrive at the new
appropriation bill for the year.
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