By Augustina Okinedo
The Ondo State 2024 budget proposal has scaled through a second reading at the House of Assembly.
The budget was thereafter committed to the Committee on Finance and Appropriation.
The Speaker, Mr Olamide Oladiji then directed that all the Ministries, Departments and Agencies to liaise with the committee for budget defence.
Acting Governor, Lucky Aiyedatiwa had presented a budget proposal of 384.5 billion for the 2024 fiscal year to the state House of Assembly.
The budget is tagged BUDGET OF ECONOMIC RESILIENCE and infrastructural development.
It has one hundred and seventy-two billion, five hundred and eighteen million, three hundred and fifty-three naira only as recurrent expenditure while
two hundred and twelve billion, fourteen million, eight hundred and fifty-nine thousand, six hundred and forty-seven is for capital expenditures.
According to Mr Ayedatiwa, it will be funded majorly from the statutory allocation, VAT, grants, and IGR.
He reiterated that if the current drive by all revenue-generating agencies, spearheaded by the Ondo State Internal Revenue Service was sustained, the state would be able to attain the desired level of internal revenue generation.
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