The Ebonyi government has proposed the sum of N139 billion as its budget estimate for the 2023 fiscal year.<\/p>\n\n\n\n
Gov. David Umahi made the disclosure on Monday while presenting the budget estimate to the Ebonyi House of Assembly at its complex in Abakaliki.<\/p>\n\n\n\n
Umahi revealed that the budget christened \u201cbudget of divine mandate consolidation and continuity\u2019 would consolidate on his administration\u2019s gains in the past seven years.<\/p>\n\n\n\n
The governor revealed that his administration would implement 41.67% of the budget while the next adminstration would implement 58.33%.<\/p>\n\n\n\n
\u201cThe budget consists of a recurrent expenditure of N58.3billion covering 41.8 per cent while the capital expenditure is N81billion, covering 58 percent of the total estimate.<\/p>\n\n\n\n
\u201cPersonnel cost is N27billion covering 19.2 per cent of the total budget while overhead cost is N31.4billion covering 26 per cent of the total budget,\u201d he said.<\/p>\n\n\n\n
He explained that the 2023 budget proposal is 4.13% less than the 2022 budget of N145.4billion.<\/p>\n\n\n\n
\u201cThe reduction is aimed at addressing the challenges observed so far in the implementation of the 2022 budget.<\/p>\n\n\n\n
\u201cThe proposed budget will capture the inauguration of the two universities of Information Communication Technology, Oferekpe, Izzi and the Aeronautical University at Ezza,\u201d he said.<\/p>\n\n\n\n
Umahi noted that the administrative sector would receive N32billon, economic sector-N71billion, law and justice-N3billion, regional sector\u2013N57millon and social sector\u2013N34billion.<\/p>\n\n\n\n
\u201cThe ministry of finance received the highest allocation of N26billion while that of infrastructure development and concession received N21.4million,\u201d he said.<\/p>\n\n\n\n
The governor during the presentation, presented the highlights and achievements of the past budgets of his administration between 2015-2022.<\/p>\n\n\n\n
The Speaker of the state House of Assembly, Chief Francis Nwifuru commended the executive arm of government for judiciously utilising the provisions of the 2022 budget.<\/p>\n\n\n\n
\u201cThe same applies to past budgets starting from 2015 and such had enhanced the economic and social wellbeing of the people,\u201d he said.<\/p>\n\n\n\n
He pledged the cooperation of the legislative arm of government to ensure the implementation of all present government\u2019s policies and programmes as it ends in 2023.<\/p>\n\n\n\n
\u201cI thank the House members for their cooperation and call for the speedy passage of the 2023 budget estimate,\u201d he said.<\/p>\n\n\n
The Ebonyi government has proposed the sum of N139 billion as its budget estimate for the 2023 fiscal year. Gov. David Umahi made the disclosure on Monday while presenting the budget estimate to the Ebonyi House of Assembly at its complex in Abakaliki. Umahi revealed that the budget christened \u201cbudget of divine mandate consolidation and […]<\/p>\n","protected":false},"author":2,"featured_media":4058,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[949],"tags":[389],"class_list":["post-46386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-ebonyi","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n