How come Cross River State budget exceeds that of Lagos State. Is this possible in the realm of reality or it's about playing with figures?

Gov.Ben Ayade of Cross River has presented a budget of N1.3 trillion for the 2018 fiscal year to the Cross River House of Assembly for deliberation and passage.
Ayade, who presented the budget two weeks ago in Calabar, said that the proposal was designed to add value to the socio-economic development and well being of the people of the state. Ayade, who tagged the budget as “Budget of Kinetic Crystallisation’’, said it was meant to crystallise what the state had achieved in the past two years of his administration. He said that the priority of the budget was to develop the state’s deep sea port and the super highway which he said were his two marked projects. The governor said that 70 per cent of the budget was for capital expenditure and 30 per cent,re-current expenditure. “The 2018 budget of N1.3trillion, tagged `Kinetic Crystallisations’, is meant to drive the economy of the state to an enviable height.

WITH a pledge to complete all ongoing projects and initiate new ones, Lagos State Governor Akinwunmi Ambode yesterday presented N1.046 trillion as next year’s Appropriation Bill to the House of Assembly for consideration.
Christened: “Budget of Progress and Development”, Ambode promised to apply the budget, the state’s highest ever, in consolidating on the development recorded by his administration in the last 30 months.

According to him, the budget will give priority for mandatory capacity building for civil servants, teachers in public secondary/primary schools, health service sector officers, women and youth empowerment.

According to the governor, the 2018 Budget, which is a 28.67 per cent bigger the last year’s, has a capital to recurrent expenditure ratio of 67:33 per cent. The allocation stands at N699.082 billion and N347.039 billion for capital and recurrent expenditure respectively.

Read more at: https://www.vanguardngr.com/2017/11/gov-ayade-presents-n1-3trn-budget-2018/
http://thenationonlineng.net/budget-2018-ambode-proposes-n1-046tr-lagos/

Haba Ambode!

67.33% for recurrent expenditure, then what's left for capital expenditure

ahbeg ahbeg! take it back and readjust!!!

see that face, no try me oh

Too much percentage chanelled into recurrent expenditure

[quote author=estyvino post=63202180]Haba Ambode!

67.33% for recurrent expenditure, then what's left for capital expenditure

ahbeg ahbeg! take it back and readjust!!!

see that face, no try me oh[color=#006600][/color]
It is ratio of 67:33. Not 67.33%.....
It's in order

Atiku2019:
Ayade that's an unrealistic figure

How? Don't forget it's budget of "KINETICS CRYSTALLIZATION"

Atiku2019:
Ayade that's an unrealistic figure

how can u say it is not realistic, do u knw what those states generate? The budget most states present is less than 50% of what they generate, while they embezle the rest.

Pierohandsome:
how can u say it is not realistic, do u knw what those states generate? The budget most states present is less than 50% of what they generate, while they embezle the rest.

Cross River cannot Generate that Figure Oga even with borrowing from financial institutions

estyvino:
Haba Ambode!

67.33% for recurrent expenditure, then what's left for capital expenditure

ahbeg ahbeg! take it back and readjust!!!

see that face, no try me oh

bros, read again slowly... it's ratio of capital to recurrent. not percentage of recurrent

[quote author=dabeto post=63202382][/quote]
Na night school you go?

Ambode should fear God na, 67:33 ratio is too much. As for Ayade, story for another day.
Two of them should be stripped n.aked and caned 24 lashes then they should be taken to Obiano for more lessons on realistic state budgeting