Fashola Presents 2015 Budget To House of Assembly
On Monday, Lagos state governor Babatunde Raji Fashola presented a 2015 budget of N489.69 billion to the Lagos State House assembly for approval; the budget figures are the same amount with the 2014 budget.
In the budget education is receives a notable percentage for the coming year. One peculiar feature is that it still retained its zero deficit in order to ensure that the next government does not inherit a deficit, while the capital and recurrent ratio is 51:49 for 2015 which is the same as 2014 budget.
The budget is made up of capital expenditure of N249.232 billion and a recurrent expenditure of N239.948 billion in the ratio of 51:49 respectively.
Fashola pointed out that the Federal Government is still owing Lagos State Government N51billion certified and unpaid, out of N59billion expended on Federal Government roads in Lagos.
Fashola will be leaving office in May 2015 after two consecutive terms,