2017 APPROPRIATION BILL: AKEREDOLU APPENDS SIGNATURE...vows to set trap
The Ondo state Governor, Arakunrin Oluwarotimi Akeredolu has appends his signature to the 2017 appropriation bill for the fiscal year in the state, total the sum of one hundred and seventy Billion, eight hundred and forty-six million, five hundred and eighty thousand naira ( #170,846,580,000.00) and broken into four components.
The Governor, while accepting the budget from the Speaker of the state House of Assembly, Rt. Hon. Bamidele Oleyelogun and other Legislators, appreciates the Legislators for the prompt and accurate scrutinisation and passage of the appropriation document, noting that the people expect no less from the Legislators, as the people wait anxiously for any intervention that is realistic palliative for the pains they are passing through now.
Akeredolu, who laments on the huge deficits which exist in various sectors of the socio-economic life in the country, noted that need to be tackled properly, as he informed that his administration are working tirelessly to reduce the embarrassing imbalance between recurrent and capital expenditure.
The Governor warned that there is need for urgent attention in this regard,to address the trend of allowing recurrent expenditures higher than capital expenditures, so as not to eat the future and create problem for the coming generations.
His words " the time has come now to be cautious of how we allow the recurrent expenditures higher than the capital expenditures in this country, it is like we are eating our future and creating problem for the coming generations, the trend must be stop now. And we in Ondo state are working in this direction" Akeredolu posits.
According to him, the four components of the budgets are (a)Debit service ( principal ) -#8.127 billion, (b)Statutory transfers -#8.374 billion, (3)Recurrent expenditure #95.159 and Capital expenature ##59.187 billion pointed out that the recurrent expenditures takes almost half of the total budget.
The Governor who sounds a deep warning to all civil servants in the state , to ensure that they distance themselves from any fraudulent or corrupt practices that can affect their career, frowning that he will not hesitate to show such officer (s) way out of the service, informing that traps will be set for dubious and corrupt government officials in the state.
Adding that all loop-holes that can drain public funds will be adequately protected and block, while drive towards generating fundo to the government coffers will be aggressively pursued like taxes and other sources of revenues to the government.
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