Governor AbdulFatah Ahmed of Kwara State on Wednesday presented a sum of N119, 850,892, 000,747 as 2015 budget of the state before the state House of Assembly for consideration and passage into law.
The budget, which was tagged ‘Budget of Introspection and Job Creation’ represent an increase of N4.623 billion over the 2014 revised budget which represent 37 percent of the total budget size.
According to the Governor, the capital expenditure of the budget is N62.760 billion, which represent 52 percent of the total budget size.
The projected revenue in the budget is N150, 892,000, 747.
The Governor said the 2015 budget would also be financed through a bond of N23 billion to be sourced from the capital market
Governor Ahmed while reviewing the 2014 budget expressed satisfaction with the performance of the budget.
He said the state government will further improve on its IGR and would not impose taxes that would affect well-being of the masses.
The budget immediately sailed through the first reading after the laying of the bill before the assembly.
The House later fixed Thursday for the second reading of the bill.