Enugu budgets N109b for 2019 fiscal year

 Enugu budgets N109b for 2019 fiscal year

Enugu State Governor, Ifeanyi Ugwuanyi yesterday presented a budget proposal of N109.19 billion for the 2019 fiscal year to the state House of Assembly.

Tagged: “Budget of Peace, Equity and Prosperity,” Ugwuanyi said the proposal was arrived at after due consideration of the economic realities in the country.

He explained that his administration had implemented the previous budget of 2018 at about 85 per cent, adding that it has also taken development to the urban and rural communities.

The proposed 2019 appropriation was 4.5 per cent higher than the 2018 budget, which was N103.5 billion.

He stated that the proposed recurrent expenditure was N64.5 billion, while the capital expenditure was N43.49.

Ugwuanyi disclsoed that the expected recurrent revenue within the year was N93 billion, while N43.4 billion was set aside for capital expenditure.

He further said that the N5.52 billion was set aside for education sector, as the agricultural sector gulps N636.5 million.

Ayomide Oyewole

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