Abeokuta — Ogun State Governor Ibikunle Amosun yesterday presented the 2013 budget proposal of N211.86bn to the state House of Assembly. The budget, according to the governor is 5.6 per cent higher than the 2012 budget of N200.55bn.
In the proposal, N118.23bn was earmarked for capital expenditure, while N93.64bn is for recurrent expenditure. Amosun said the expected total revenue is N148.75bn, while the proposed capital receipts in form of grants, internal loans and external concessional loans were put at N63.11bn.
The governor said the education sector has the highest estimate with about N43.44bn, which represents 20.50 per cent of the budget. This was closely followed by rural and infrastructural deve-lopment/employment generation with N39.92bn, representing 18.70 per cent of the budget.
A sum of N14.72bn is expected to be spent on health care, while the agricultural sector will get N10.69bn.