As a result of the negative economic effect of the Coronavirus pandemic, government of the state of Osun has organized a consultative forum for the review of the year 2020 budget estimate.
The forum, which brought together representatives of the citizenry, sought to leverage on inclusiveness while assessing the capital composition of the State’s budget.
Speaking at the consultative forum, the Commissioner for Economic Planning, Budget and Development for the State of Osun, Prof. Olalekan Yinusa, said it became necessary to interact with the citizens of the state in relation to the capital composition of the Year 2020 budget.
He stated that the variables on which the N119.5 billion 2020 budget estimate for Osun was based has been greatly affected by the negative effects of the COVID-19 pandemic on the world economy.
According to him: “Based on the accruals so far in the ongoing year, it is now clear that the state can no longer meet up with the estimated budget for year 2020. Hence the need to let the people have their say in the review of the budget.”
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