Ugwuanyi presents N169bn 2020 Budget

Enugu State Governor,  Ifeanyi Ugwuanyi, has presented the 2020 budget estimate of N169. 567,658 billion tagged,  ” Budget of responsive and accountable government ”  to the  Enugu State House of  Assembly for approval.

Presenting the budget at the Chambers of the House of Assembly, Ugwuanyi said that the 2020 budget proposal , is 55.2% higher than that of 2019 budget.He  that N100.77 billion was set aside for capital expenditure while recurrent expenditure stands at N68.79 billion.

He said that “the increase in the budget was necessitated by the need to further meet the developmental needs of the people in the area of education, transportation, health and other infrastructure.”

The recurrent  expenditure  is N68,9Billion, higher than  that of 2019 by  69 percent.  Capital  expenditure  was N400.77 Billion while recurrent revenue was N109,8 Billion  higher than the N96,9Billion of 2019.Statutory allocation  was N65.65 Billion.

Ugwuanyi assured that his government will ensure it grows its internally generated revenue to account for 50 per cent of the state income by 2023.
Speaker Edward Ubosi assured that the House would fast track action on the budget to ensure that it was passed before Christmas.
He commended Ugwuanyi for his good works in the State  assuring continuous support of the Assembly  members to the Ugwuanyi administration.

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