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Umahi David Presents N127bn Budget For 2017

Umahi David Presents N127bn Budget For 2017

The governor of ebonyi state, David Umahi, presented to the state house of assembly the appropriation bill of N127,233,074,419 for 2017 budget.

The bill tagged “Budget of inclusive growth and poverty reduction in economic recession” set aside N87,061,505,780 for capital expenditure representing 68.43% of the budget outlay while N40.171 billion was set aside for recurrent expenditure, being 31.57% of the total estimate.

Umahi said the total estimate of N127,233,074,519 is slightly above that of 2016 which was N101.1 billion. the economic sector got N57,078,912,530 billion, the largest chunk of the capital estimate of which the governor said was with the basic aim of continuing its efforts in resolving difficulties in roads, water, electricity, agriculture, education, commerce and industrial sectors. The social sector got a total of N14.039 billion with the administration sector having N.9 billion.

 

Read more at: http://www.vangardngr.com

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Saturday, 20 July 2019
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