By Ejike Abana
Governor Chukwuma Soludo has presented a budget estimate of N258, 970, 175, and 905 to the Anambra State House of Assembly.
The budget tagged “Budget of Acceleration” was presented at the State Legislative Chambers, Awka.
The capital budget of 164.2 billion naira accounts for 63.2 per cent, while the recurrent expenditure of 95.5 billion accounts for 36.8 per cent.
It has a deficit of N13 billion.
N91.8 billion or 56 per cent of the total capital expenditure is devoted to roads, transport, power and urban regeneration.
Presenting the budget, Governor Soludo, who commended the existing cordial relationship between the executive and legislative arms of government, explained that amidst the visible daunting challenges, his administration intends to implement its disruptive change agenda.
The Governor recalled that the seventh Assembly approved for his government to borrow 100 billion, though it has not been borrowed so far, stressing that 90 billion naira has been applied for.
Speaker of the State Assembly, Rt. Hon. Uche Okafor reiterated that within barely eight months of assumption of office, the Soludo administration had recorded tremendous achievements as the government of inclusiveness, assuring that the budget would be given accelerated hearing.
For details of the event and other government activities, join the programme “Anambra Government House Diary” with Ejike Abana (ABS Government House Correspondent), On ABS 88.5fm, Mondays-Fridays, 6:05 and 5:30 pm Daily.