SAN FRANCISCO, October 27, (THEWILL) – Delta State Governor, Ifeanyi Okowa has presented a proposed budget of N378, 184,397,889 for 2021 fiscal year to the State House of Assembly.
The 2021 budget is N96.2 billion or 34.05% higher than the N282 billion revised approved budget of 2020.
The budget, Okowa said, has N207.52 billion for Capital Expenditure and N171.32 billion for Recurrent Expenditure. He said that capital expenditure constituted 54.76% of the Budget while 45.24% represented recurrent expenditure.
He explained that the allocations were consistent with his administration’s agenda of spending more on projects and programmes that would impact directly on the socio-economic wellbeing of Deltans.
The governor said that the 2021 budget proposal reinforced the state government’s commitment to road infrastructure, education, health, job and wealth creation programmes as the principal-drivers of the Stronger Delta agenda.
According to him, N113 billion, representing 89.94% of the capital budget is allocated to the economic sector while N35 billion is allocated to the social sector; the administration sector got 10.93 billion and the regional sector, N42 billion.
“In 2021, we propose to spend N66.66 billion on Road Infrastructure; N6.79 billion on Health; Education will gulp N23.55 billion; Agriculture, N2.04 billion and Water Sector, N1.83 billion”, he stated.
