The Osun State government has presented the 2017 budget proposal of N N138.232, 946,670.00 billion to the State House of Assembly for consideration.
The estimate, presented at the plenary on Wednesday has recurrent expenditure of 75.823 billion Naira and capital expenditure of 62.409 billion Naira.
The proposal, tagged ‘Budget of Recovery’ also has the recurrent revenue of N105,090,868,130.00 billion Naira and capital receipts of N33,142,078,540.00 billion Naira.
However, the 2017 budget size is two percent less than the 2016 approved budget of N141.2billion with N3,043,175,579.00 decrease.
Governor Rauf Aregbesola said the man objective of the proposal was to consolidate on the various achievements and progress made in the last six years of his government.
The focus includes non reliance on the federal allocation and increased Internally Generated Revenue, especially through tax.
He stated that that the move would ensure improved performance of the proposed budget.
“The main focus of the budget includes provision of enabling environment that will ensure increase in food production and growth of agro-allied industries with participation of the private sector.
“The consolidation of the social infrastructure will expand economic and industrial base of the state. The creation of conducive and active socio-economic environment that ensures job creation and empowerment of youths and women are part of the focus of the proposed budget,’’ Governor Aregbesola said.
Praising the proposal for its inward looking and the executive for prudent utilisation of resources, Speaker Najeem Salaam commended the civil servants for their sacrifice and patience despite the modulated salaries.
Mr Salaam also lauded the cordial relationship that has existed between the legislature and the executive, which has accelerated physical and structural developments in the state.
The Speaker stated that sustenance of a peaceful atmosphere was essential for growth and that absence of crisis does not necessarily mean compromise of standard.
“There is no reason the lawmakers must be at logger-heads with the executive as long as it obeys and abide by the legislative resolutions and this has been the hallmark of Aregbesola’s government. It is only when he refuses that we could have issues with him.
“We are here to stabilise the system. If we destroy the government, it won’t stop our allowances and salaries, but the people will suffer for it,’’ he said.
“Hence, if our cordiality brings development, then we are happy to be one. If growing democracy and agreeing with good agenda of the Governor makes us rubber stamp, then, we are happy to be a positive rubber stamp,” he stressed.
The Speaker asked the lawmakers to be prepared to deliberate on the budget, after resumption from December break on January 16, 2017.