By Demola Akinyemi
ILORIN—Governor of Kwara State, Alhaji Abdulfatah Ahmed yesterday presented a 2015 budget proposal of N119.8 billion to the state House Assembly for consideration.
The 2015 budget proposal is higher than this year’s budget by N4 billion or 3.7 percent.
Speaking on the occasion, Ahmed said that about N62. 1 billion out of the amount, representing 52 percent is for capital expenditure while N46 billion representing 39 percent was for recurrent expenses.
He said that the Budget of introspection and job creation, would ensure the creation of 5000 new jobs even as the state government would sustain the existing 5,200 youths engaged under its QuickWin programme.
Apart from the 5,200 youths, the governor said that additional 319 persons would be engaged under the scheme.
A breakdown of the budget showed that over N11billion was allocated to public debt, representing about nine per cent.
Ahmed said that the fragile global economic crisis and uncertain outlook, informed the government’s determination ‘’to complete on-going projects and improve the quality of life of the people of Kwara State informed the increase.”
On the source of funds to finance the budget,the governor said the state government would embark on aggressive drive of increasing its Internally Generated Revenue, IGR, blocking leakages and ensuring prudent management of resources, adding that there was however, “no intention to impose multiple taxes” on the people.
The governor said it would also source N23billion from the capital market which will be repaid in 2020.
Speaker of the house Mr. Rasag Atunwa who said with governor personally laying the budget bill before the law makers, it had automatically passed through the first reading in accordance with Rule 66 (1b) of the House.
He then asked the Majority Leader, Abdulkareem Abdulganiyu to move a motion for the adjournment of the house till today for the second reading of the budget.