Lagos to sustain zero deficit budgets in 2015
Lagos State plans to achieve a zero deficit budget next year.
Commissioner for Economic Planning and Budget Mr. Ben Akabueze spoke yesterday during the sixth budget consultative forum held at Adeyemi Bero Hall, Alausa.
He said the budget would maintain the same level as the 2014 budget.
Akabueze explained that the projected budget would entrench sustainable government expenditure.
He said the 2015 budget outlook for the state projected annual growth rate of 10 per cent would put the state’s GDP at over N19.992trillion by 2016.
Special Adviser to the Governor on Economic Planning and Budget, Mrs. Iyabowale Aluko, said the forum was organised to carry stakeholders along in the budget process.
She said besides enhancing better and effective communication and good understanding between the government and the citizens, it would also assist in identifying programmes and projects capable of impacting positively on the lives of citizens
“There is also this desire to ensure that the 2015 budget effectively identifies spending priorities in line with aggregate resources, the implementation of which would ultimately transform the living standard of the citizens,” she said.