The Lagos State House of Assembly Friday evening approved N499 billion as the budget for 2013.
The approved figure, after adjusting various sectoral heads, was eventually ballooned by N1.878 billion, more than what Governor Raji Fashola proposed on 31 October.
With the adjustments, the House allocated an additional N2billion to itself to cover what it called its capital projects for 2013. Governor Fashola had proposed an N800million vote for the House’s capital projects in the new year.
The House also increased the allocations to the Lagos House of Assembly Service Commission by N56million and the Internal Revenue serviceby N1 billion.
Governor Fashola had presented a budget estimation of N497.227 representing an increase of 1.08 per cent over the N485.3 billion budget for 2012 to the House.
The summary of the estimate as presented by the governor put recurrent expenditure at N228.913bn, capital expenditure at N268.364bn, capital receipts at N22.912bn while the component of the total overhead costs was N139.173bn.
Sectoral allocation as provided in the budget estimate by the governor included: General Public Service, N114.076bn (22.94 per cent); Public Order and Safety,N18.799 -(3.78 per cent); Economic Affairs N156.273 (31.43per cent); Environmental Protection, N44.131bn (8.87 per cent); Housing and Community Amenities-N46.149bn (9.28 per cent ); Health N42.498bn 8.55 (per cent);Recreation, Culture and Religion N5.749bn (1.16 per cent); Education, N64.343bn (12.94 per cent); Social Protection N3.259bn (0.66per cent); Contingency N2.000bn(.44 per cent).
The approved budget made of N229,729,242,884 and N269,375,649,701 being recurrent and capital expenditure respectively, was passed at exactly 6.45 pm with the Speaker, Adeyemi Ikuforiji instructing the acting Clerk of the House, Segun Abiru, to forward it to the state Governor, Mr. Babatunde Fashola, for his assent.
While presenting the budget report before the House on Friday, the Chairman of the House Committee on Economic Planning and Budget, Mudashiru Obasa, said the committee recommended that among others, the sum of N423,831,914 be added to the overhead cost of the Lagos State House of Assembly thereby totalling N6,623,831,914 “to allow for meaningful performance.
“The sum of N2,011,790,971.25 be added to capital budget of the Lagos State House of Assembly thereby totalling the sum of N2,811,790,971.25 to cater for capital projects in the coming year.
“The sum of N56,400,000 be added to overhead cost of the Lagos State House of Assembly Service Commission (LAHASCOM) thereby totalling the sum of N96,400,000 to allow for meaningful performance.
“The sum of N1 billion be added to overhead cost of the Lagos Internal Revenue Service (LIRS) thereby totalling the sum of N7.748 billion to allow for meaningful performance.
“The sum of N18,200,000 be added to overhead cost of the Office of the Auditor-General for Local Governments thereby totalling the sum of N35,000,000 for optimum performance.
“The sum of N100 million be added to the subvention of LASIEC thereby totalling the sum of N272,649,550 to take care of legal fees, civic/voters education and retreat.”
While urging the relevant committee of the House to monitor the activities of the Office of the Lagos state Public Private Partnership (PPP), the report recommended that the sum of N782,015,582 be deducted from other personnel cost (contigency) domiciled in the Ministry of Establishments, Training and Pensions thereby remaining a balance of the sum of N1 billion.
It also recommended that the sum of N1,828,000,000 be part of internal loan thereby putting the total internal loan for the state in 2013 at the sum of N42,365,000,000.
The report further recommended that “the sum of N229.729 billion be approved as the total recurrent expenditure for the year ending 31 December, 2013.
“The sum of N269.376 billion be approved as the total capital expenditure for the year ending 31 December, 2013.”