Edo Assembly approves N116.6 billion as budget for 2016

By Tony Ehighiale, Benin City

 

Edo House of Assembly on Thursday passed the 2016 budget estimates of N116.6 billion.

 

Governor Adams Oshiomhole had on December 14, 2015 presented a budget size of N111.5 billion to the House for consideration and passage.

 

The budget as presented by the governor consists of N58.9billion as capital expenditures while the proposed recurrent expenditures stood at N52.6 billion

 

The house shored up the appropriation bill with about N5 billion.

 

Considering the bill clause-by-clause, the Chairman, Appropriation and Project Monitoring, Hon Damian Lawani (APC Etsako Central), said the budget reflected the views of the people and was designed to complete all ongoing projects.

 

During the consideration of the bill, N59.5 billion was allocated for capital expenditures, while N57.2 billion was allocated for re-current expenditures.

 

The breakdown of the bill showed that N15.6 billion, N300million, N2 billion and N17.8 billion were allocated for the recurrent expenditures of the administrative, economic sectors, law and justice and social sectors respectively.

 

Also N1.7billion, N22.3 billion, N 208m, N35.2billion were allocated for the capital expenditures for the administrative, economic sectors, law and justice and social sectors respectively.

 

The house after consideration of the document with amendment, passed the bill.

 

The Speaker, Victor Edoror, directed that clean copies of the bill be sent to the governor for his approval.

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