Breaking: Aregbesola Presents N173.9bn 2018 Budget To Osun Assembly, See Breakdown.

The Governor of Osun, Ogbeni Rauf Aregbesola has on Thursday presented the draft 2018 Budget of N173,980,083,007 to the State House of Assembly.

The Governor is presenting a budget that is N27,347,336,027 higher than that of 2017, the sum N146,632,746,980.00‎ was presented to the Assembly last year.

Aregbesola, presenting the draft Budget christened “Budget of Enduring Legacy” said it is anchored on the avowed commitment of his administration to provide a conducive living environment for the people of the State.

Summarising the draft 2018 revenue budget, the governor told the House of Assembly ‎the state will be expecting money to finance the budget from expected government share of Federation Account N27 billion forming 15.56%, Value Added Tax‎ N8.8 billion (5.10%).

Others are‎ Excess crude account‎ N77.7 billion‎ (0.04%),other revenue from FAAC ‎N5,052.6billion (2.90%), personal and corporate taxes are put at ‎N25.1 billion (14.45%) and N9.7 billion (5.58%) respectively,

Expected form Licences ‎is N1.5 billion (0.92‎%), General fees N20.8 billion (11.99%)‎, General. Earnings N3.6 billion (2.55%), rent on government buildings and rent on lands and others at ‎N335.7 billion (0.19%) and N279 billion (0.16%) respectively.

Other sources are. Repayment, investment income,‎ interest earned, reimbursement, domestic aids, foreign aids, domestic grant and foreign grants

‎The governor put the total year expected receipt at N151.9 billion ‎(87.34%), other sourced fund to finance specific projects are internal source and external are‎ N1.5 billion ‎(0.86%) and external source N20.5 billion (11.80%" respectively‎.

‎He said, "Our ultimate goal for the 2018 Budget is to ensure a continuous improvement in the welfare and standard of living of our people.

"This will be achieved by consolidating the previous achievements of this administration and do everything possible to recover