Lagos State Governor, Babajide Sanwo-Olu, on Thursday, presented a N1,692 trillion 2023 budget estimates to the Lagos State House of Assembly for consideration and approval.
Tagged ‘Budget of Continuity,’ the estimates comprise revenue of N1.342 trillion and deficit financing of N350,000 billion.
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This further comprises total Internally Generated Revenue (IGR) of N1.108 trillion and federal transfers of N234 billion.
The estimate also proposes a recurrent expenditure of N759 billion and Capital expenditure of N670 billion.
