Ondo State Governor, Oluwarotimi Akeredolu, has presented a budget proposal of N272.736 Billion for the 2023 fiscal year to the State House of Assembly.
Governor Akeredolu presented the budget tagged “Budget of Shared Prosperity” to the lawmakers on Monday during a plenary sitting presided over by the Speaker of the House, Bamidele Oleyelogun, at the newly renovated House of Assembly Complex, Igbatoro road, Akure, which was commissioned last week.
Governor Akeredolu said N143.511 billion was budgeted for capital expenditure and N129.224 billion for recurrent expenditure.
The 2023 budget proposal is higher than that of the total projected Budget outlay for 2022 Fiscal year which was N199,282,437 billion.
Akeredolu disclosed that the 2023 budget was prepared on the basis of the inputs garnered during the Town Hall meetings with various stakeholders across the state.
He noted that the bugged was tailored towards achieving the REDEEMED agenda of his administration which is also in tandem with the Sustainable Development Goals (SDGs).
According to the Governor, the projects and programmes carefully selected in the budget cut across critical areas of infrastructure and environment, education, health, social safety -net, security, industrialisation, among others.
Governor Akeredolu said with the resources available to the State Government, his administration has continued to pursue its developmental agenda in areas of priority.
He added that government has been able to record modest achievements across board in various thematic areas of the REDEEMED agenda.
The 2023 Budget is expected to help the Akeredolu led administration in Ondo State consolidate on its achievement in putting the necessary infrastructure for the Continued and sustainable development of the State.