Governor Adams Oshiomhole of Edo State has presented the state’s 2013 budget estimates of N150, 045, 377, 060 billion to the State House of Assembly for consideration, with capital expenditure taking 60 percent allocation.

Tagged Taking Edo State to the next Level, the 2013 estimate is lower than the 2012 budget of N150.97 billion.

According to the governor, “the 2013 budget proposal is geared towards lifting our state to the next level of development beyond the steady and sustainable progress we have made in the last four years.

“The 2013 budget is not only targeted at the completion of ongoing infrastructural projects but also aimed at accelerating the growth and development of the state.”

The governor disclosed that the sum of N87, 409, 475, 855 billion, representing 60 per cent, was being proposed as capital expenditure, while the proposed recurrent expenditure is N62, 637,901, 205 billion, which represents approximately 40 per cent of the budget.

“We are sustaining the tradition of putting more funds into the capital expenditure,” Governor Oshiomhole said.

In the sectoral allocations, Works is to take the lion share of the Capital expenditure followed by education.