Kwara govt to present N187.5bn revised budget to lawmakers
By Mosunmola Ayobami, Kwara
Kwara State Executive Council on Wednesday approved the presentation of N187.5billion revised budget to the state House of Assembly, with emphasis to be placed on ongoing capital projects and consistent payment of the new minimum wage across board.
The revised estimate represents a shortfall of N2,085,781,695, or 1.1percent, from the approved 2022 budget of N189.6billion.
The council’s approval was given following a presentation of the estimates and performance of the approved budget by Commissioner of Finance Florence Olasumbo Oyeyemi during a meeting presided by Governor AbdulRahman AbdulRazaq.
Oyeyemi said 52.34percent of the revised budget will go for recurrent, while capital expenditure will gulp the remaining 47.66percent.
The commissioner said the recurrent peaked partly to accommodate rise in personnel cost (such as full implementation of the minimum wage in the mainstream civil service and agencies of the state government, including the Colleges of Education) and other overhead items.
The proposal is expected to be submitted to the parliament soon.
