Home News Obiano presents deficit budget of N167.1bn for 2019 fiscal year

Obiano presents deficit budget of N167.1bn for 2019 fiscal year

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Anambra State governor Willie Obiano has presented a budget deficit of N167.1 billion, a shortfall of about N9 billion from the 2018 budget of N166.9 billion in demonstration of his administration’s determination to continue to deliver good governance and purposeful leadership to the people of the state.

Presenting the budget christened “Budget of Sustained Economic Growth and Youth Empowerment”, governor Obiano said the proposed budget has a spending ration of N65.33 billion  for recurrent expenditure and capital expenditure of N91.8 billion and seeks to sustain the previous performance

Governor Obiano stated that the sum of N41.3 percent has been earmarked as recurrent expenditure and N58.7 billion for capital expenditure to drive the administration’s policy thrust of sustaining economic growth and youth empowerment.

Giving highlights of the budget, governor Obiano said that his administration will continue to intervene on the key sector of roads and bridges which has a budget of N22.4 billion out of which construction of new roads will gulp the sum of N20.9 billion and Anambra State Road Maintenance Agency will receive N1.5 billion.

He pointed out that his administration will continue to embark on key strategic developmental initiatives aimed at improving the quality of healthcare services for the people of the state, hence the provision of N9 billion in next year’s budget, with additional allocation of the sum of N2 billion to the National Health Insurance Scheme to ensure adequate implementation of the programme statewide, in addition to utilizing over N1 billion in the construction and equipping of the Anambra State University Teaching Hospital and N2 billion for rehabilitation and re-equipping of general hospitals

In education, governor Obiano stated that the state’s commitment to deliver a globally competitive education requires a proper funding which informs the provision of capital funding to the tune of  N11.9 billion.

The governor stated that the Community-Chose -Your Project Scheme for development initiatives in the 181 communities in the state has a budget of N2.8 billion for the third phase, noting that the State has set up the Community Social Development Agency with support of the World Bank to improve infrastructural development across poor and vulnerable communities.

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