The Akwa Ibom House of Assembly on Tuesday passed the 2013 Appropriation bill of N470.08 billion.
The budget comprised recurrent expenditure of N118. 79 billion and capital expenditure of N351.28 billion.
?Gov. Godswill Akpabio had on Nov. 20, 2012, submitted a budget estimate of N459.30 billion for 2013 to the assembly for consideration.
?Mr Onofiok Luke, the House Committee Chairman on Finance and Appropriation, told the house that the committee was satisfied with the implementation of the 2012 budget.
Luke said that to ensure prompt completion of the ongoing projects, the committee had to increase the capital expenditure by N10.77 billion.
?The Speaker, Mr Samuel Ikon, urged the executive to ensure proper implementation of the budget for the benefit the state.
?Ikon urged the executive to ensure prompt release of fund according to the budget. The state had budgeted N533.11 billion in 2012.
