Governor Adams Oshiomhole
Governor Adams Oshiomhole of Edo State Thursday presented the state 2013 budget proposal of N150.045 billion to the state House of Assembly for consideration.
The budget is lower than that of 2012.
Last year, the state Assembly approved a budget size of N150.97 billion and a supplementary budget of N8.50 billion making the total to N159.48 billion
The budget, according to the governor, comprises N87.4 billion capital expenditure which represents 60 per cent of the budget estimate; and N62.2 billion recurrent expenditure representing 40 per cent of the budget size.
Presenting the budget at the floor of the Assembly, Oshiomhole said the budget, christened: ‘Taking Edo State to the Next Level’, seeks to consolidate on the gains and achievements which the state made in the past four years and provide a springboard to accelerate the economic growth of the state during the second tenure of his administration.
He said the 2013 budget estimate was not only targeted at the completion of on-going infrastructural projects, but also aimed at accelerating economic growth and development.
“We are resolutely committed to expanding the conclusive environment already created for economic development and above all, the empowerment of the citizenry,” he said.
Oshiomhole, who assured the people that measures would be taken to smoothen all the rough edges in the delivery of services to the people, further noted that the objectives of the 2013 budget proposal was to complete all on-going infrastructural projects, prioritise technical education, broaden skills acquisition with emphasis on middle-level-technology.
Other objectives, according to him is to improve the efficiency in internally generated revenue administration, focus on poverty eradication measures aimed at improving employment, wealth creation and youth empowerment, focus on measures to grow the economy of the state, with particular reference to agriculture and the attraction of local and foreign investment, and capacity building in the public service.
He disclosed that in line with his tradition, bulk of the capital estimate would be allocated to key priority areas such as works (road), N33.35 billion; education, N14.55 billion; drainage/sewage/environmental protection, N13.29 billion; Health, N2.80 billion and water, N1 billion
Besides, he said the projected capital receipts amount to N64.3 billion, while there is a projected deficit of N23.06 billion to be funded through the World Bank Budget Support Facility and additional credit lines.
On recurrent expenditure, Oshiomhole announced that Personnel cost would consume the sum of N25.46 billion, while Overhead cost and Consolidated Revenue Fund Charges is put at N16.40 billion and of N20.76 billion respectively.
While recalling the house’s approval of N150.97 billion and an additional N8.50 billion supplementary budget making a total of N159.48 billion for 2012, Oshiomhole said some of the challenges his administration faced was that whereas the sum of N65.87 billion was approved as capital receipts, the actual receipts stood at N13.82 billion.
However, he said inasmuch as government was not able to meet its overall projection, he is happy to report that government was able to execute and complete major capital projects across the priority sectors enumerated in the 2012 budget.
“I am also happy to announce that in spite of these revenue challenges, we are able to meet our recurrent expenditure, especially in the area of prompt payment of salaries and allowances as well as pension benefits to our senior citizens,” Oshiomhole stated.