ENUGU GOVT PLEDGES FULL IMPLEMENTATION OF 2019 BUDGET
The Enugu state government has restated its commitment to full implementation of the 2019 budget to ensure rapid socio-economic development across the state.
The state commissioner for finance and economic development Eucharia Offor stated this during a breakdown of the 2019 budget of one hundred and nine billion, one hundred and ninety-nine million, two hundred and forty-three naira which she said is 5.44 percent higher than that of 2018.
According to her, out of the total budget of 109.199 billion naira, the sum of 65.7 billion, representing 60.17 percent of the total budget is for recurrent expenditure while 43.493 billion representing 39.83 percent is for capital expenditure.
The finance commissioner disclosed that 2019 recurrent expenditure would be funded through a projected statutory allocation from the federation account of 65.9 billion naira state internally generated revenue of 27.7 billion, while a capital receipts of 43.5 billion naira is expected from transfer from consolidated revenue fund, aid and grants, public private partnership as well as domestic loans/borrowing receipts and international loans / borrowing receipts.
The economic sector has the highest allocation with 24 billion naira while the regional sector has the least allocation of #308,000.