The News Agency of Nigeria (NAN) reports that the budget presented by Makinde was N77 billion lower than the N285.2 billion 2019 budget presented in 2018 by his predecessor, Abiola Ajimobi.
The N208,802,972,878 billion total budget proposal has N100,142,690,046 earmarked for capital expenditure and representing 47.9 per cent of the total budget estimate.
This was an increase of 20 per cent when compared to the 2019 budget.
Also, the total recurrent expenditure for 2020 financial year stood at N108,660,282,832, representing 52.1 per cent of the budget proposal.
Makinde said: “You will also note that our capital expenditure increased by about 20 per cent, compared to the 2019 budget.
“The importance of this increase should not be lost on us. Increased allocation to capital projects directly contributes to a more buoyant economy and…