Abiodun said in the 2023 budget, the state requires a holistic constitution of the people’s needs and judicious application of the limited resources to areas that bear on the welfare of the citizenry.
He however said that no fewer than 203 inputs representing 95 per cent of demands made at the citizens’ town hall meetings held across the four divisions of the state have been incorporated into the budget proposal for the year 2023.
Abiodun stated this on Wednesday at the Treasury Board meeting held at the Obas’ Complex, Oke-Mosan, Abeokuta.
He said the Town Hall meeting also served as an important aspect of his administration’s inclusive governance in budget preparation.
Abiodun further explained that the Medium Term Expenditure Framework was not meant to produce a budget, but how to develop good policies through the retooling of the budget.
He said, “it is important to think of each stage of the budget process in terms of roles in developing and implementing the state policies.
“It is imperative that adequate funds are located in areas that would have a direct impact on the socio-economic well-being of the people.
“The 2023 budget is more important than the previous ones in the state. It requires a holistic constitution of the people’s needs and judicious application of the limited resources to areas that bear on the welfare of the citizenry.”
The governor, however, promised that his administration would work to sustain all the developmental projects spread across the state that have a significant impact on the people, while all the ongoing projects would be given the desired attention towards completion.
Abiodun stated that his administration had introduced the Medium Term Revenue Strategy, which is an improvement from the traditional expenditure to a revenue-driven budget by identifying and working on the major revenue-generating agencies with a view to enhancing and sustaining revenue mobilisation, collection and enforcement.
“An important legacy of this administration is the establishment of best practices in the way of public finance management which we are running. We aimed to consolidate on the global best practices in public financial management reforms that we embark on since 2019”, he pointed out.
The governor maintained that “the state fiscal is based on providing the enabling business environment for private and public sectors partnership through improving the efficiency and effectiveness of key processes including land administration, business registration, construction permit, land titling and the provision of key infrastructure and incentives to attract more investors to the state.”
In his welcome address, the Commissioner of Budget and Planning, Olaolu Olabimtan, said the state was committed to a better atmosphere for businesses to thrive, while the government would continue to deliver quality services to the people.
He said the Treasury Board meeting was to consider how much is needed, how to raise it, and allocate and account for the funds, urging all stakeholders to be active participants in ensuring a budget that would be people’s friendly.
The Economic Adviser and Commissioner for Finance, Dapo Okuboyejo, in his remarks, said the budget was meant to stimulate the post-COVID-19 state economy by upscaling infrastructure and other sectors that would engender sustainable growth in the state.
Highlights of the meeting are the presentation by heads of ministries, agencies and departments, and their budget estimates for 2023.