Osun State Governor, Adegboyega Oyetola, on Thursday laid before the State House of Assembly the 2020 appropriation bill put at N119, 550,401,040.00.
Critical sectors like infrastructure, education, health, water and sanitation and agriculture top the list of allocations in that order.
The 2020 budget, tagged “Budget of Restoration” was prepared with the sole aim of meeting the critical needs, yearnings, and aspirations of the citizens in line with the state Developmental Plans, the governor said.
On Expenditure, personnel takes N36,465,191,230.00 (30.50%); Overhead has N20,009,802,760.00 and consolidated revenue fund takes N1,200,000,000.00.
Recurrent expenditure was put at N57,674,993,990.00 while the capital expenditure was put at N61,875,407,050.00.
The breakdown of the budget further shows that the Infrastructure sector takes the largest chunk with a total sum of N9,318,841,640.00 (15.06%) followed by the Water and Sanitation sector with a sum of N7, 581,241,350.00. (12.25%), while N6,517,762,830.00 (10.53%) was budgeted for the Education sector.
Governance and Administration sector has N4,323,555,790.00 (6.99%) while N4,311,456,450.00 (6.97%) was budgeted for Health sector.
Agriculture sector has N2,363,716,760.00 (3.82%); Security, Law and Justice Sector, N1,425,784,530.00; Environment sector has N736,347,190.00 (1.19%); Commerce and Industry sector N638,851,490.00 (1.03%); Economic Planning and Budget sector N345,864,600.00 (0.56%).
Other are: Information and Communication N205, 380,210.00 (0.33%) and Social Development and Welfare N129,930,370.00 (0.21%) .