The Kwara House of Assembly on Tuesday approved the N188.8 billion 2023 appropriation bill for the state.
The News Agency of Nigeria reported that this approval is sequel to a prior approval and passage of the Report of the House Committee on Finance and Appropriation presented by the Chairman, Ambali Ibrahim (APC/Owode-Onire).
According to the approved bill, the capital expenditure is N113.1 billion from the N112.5 billion earlier presented by the executive, which shows an increase of N909 million.
The recurrent expenditure now stands at N77.6 billion as against N76.4 billion earlier proposed, representing an increase of N1.6 billion.
The Speaker, Yakubu Salihu, said that the capital expenditure is 50.2 per cent of the total budget estimate while recurrent expenditure stands at 48.3 per cent.
Salihu said the 2023 appropriation is in line with global best practices of budgeting, pointing out that the 9th Legislature has successfully carried out one of its mandates.
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