Ondo State Governor, Dr. Olusegun Mimiko, will on Tuesday, present the 2014 budget estimates to the State House of Assembly. A statement by the state Commissioner for Information, Mr. Kayode Akinmade, in Akure on Sunday, explained that the event will take place by 1pm at the. State House of Assembly complex on Igbatoro Road, Akure.

The statement urged members of the State Executive Council, heads of ministries, department and agencies (MDAs) of government and other invited members of the public to attend punctually.

The state government had last year, presented to the legislature, a budget of N151bn tagged, “A caring heart budget IV,” for the 2013 fiscal year. An assessment of last year’s budget proposal, showed that it was N5bn lesser than the 2012 budget, which was N156bn.

Mimiko said at the presentation, which was attended by top government functionaries and traditional rulers that the budget was meant to further consolidate the gains of the last four years.

He said that the 2013 estimates had N73.35bn as the recurrent expenditure while capital expenditure was estimated at N77.65bn.