Kwara State Governor, Abdulfatah Ahmed has presented a budget estimate of N 116, 164, 643, 775 for the 2016 fiscal year to the state House of Assembly.
“The 2016 budget decreases with N 1, 514, 163, 831 from the outgoing 2015 budget owing to the persisting economy meltdown”, he added.
The governor stated this in Ilorin the Kwara State capital while presenting the 2016 appropriation bill to the Kwara State House of Assembly. The budget was tagged: “Budget of Sustained Expansion” aimed at focusing on opportunities for growth, for new investment, for renewed agribusiness, for strong entrepreneurship and for direct and indirect jobs.
The governor had in his opening remarks as contained in the document said: “We have, therefore taken proactive steps to improve internally generated revenue and reduce our dependence on the statutory allocation without placing burden on the citizenry.
“In this regard, we are strengthening tax administration to ensure that all eligible tax payers in the state perform their civic responsibility of paying their taxes. Mr. Speaker, Honourable members, our administration remains committed to provision of infrastructure that will deepen the socio-economic development of the state and enhance the welfare of our people.
“In the light of these realities, the 2016 budget is christened Budget of Sustained Expansion. Sustained Expansion underlines our determination to implement those programs stalled by lack of funds in the outgoing year.”
Therefore, the main objectives of the budget according to the governor are, “Revenue reforms that provide the fiscal space required for growth and stability of the state economy. Increase revenue and block leakages to free additional revenue required for the implementation of government programs and projects.”
Others includes; “Increase infrastructural development in order to boost socio-economic activities in the state through the completion of all ongoing projects in Health, Roads, Energy, Education, Water and Justice and to initiate new projects.
“Ensure efficient expenditure that will result in significant savings. Mr. Speaker, Honourable members, in formulating the 2016 budget proposals, the zero-based budgeting approach was used to arrive at our projections in line with the prevailing economic situation in the country.
“Zero-based budgeting is a system of budgeting where each MDA must justify all expenditure needs before it can be taken into budget proposals. Through this process, financial”

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