Anambra state governor,Chief Willie Obiano, on Tuesday presented
a budget proposal of N115.5 billion to the State House of Assembly.
According
to Mr. Obiano, a total of N58.9 billion will be spent on capital projects,
while N56.6 billion will go to recurrent expenditure.
According
to the governor, this represents a ratio of 51 to 49 respectively just as the
previous year.
He said
the estimate was premised on the basis of N305 per dollar exchange rate and a
projected price of $42 per barrel of crude oil.
The
governor said that N40.2 billion was projected to come from the federal
allocation, while N20.4 billion would be raised from Internally Generated
Revenue (IGR).
Obiano
said that a sum of N12 billion was projected to come from development partners
as counterpart fund.
On
personnel expenditure, the governor said that N17.7 billion would be spent on salaries and wages, N10.2 billion
would be spent on pensions and gratuities of retirees, while N18.4 billion
would be spent on overheads.
Obiano
said the state government intends to revamp the more than 160 moribund water
schemes in Anambra.
He further said that the state would spend N610 million on the
61 major markets in the area to enable traders to operate in a healthy and
friendly environment.
The
speaker of the House, Rt. Hon. Rita Mmaduagwu, admitted the document for deliberations
following the motion moved by the Majority Leader of the House Hon. Victor
Okoye.
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