Governor David Umahi of Ebonyi state Friday submitted N178,136,634,975.38 budget estimate for 2020 fiscal year to the State House of Assembly.
The budget which is christened “Budget of Growth, Consolidation and Transformation” focused on critical on-going projects across the state.
Presenting the budget to the House, Umahi said: “Spending on Capital budget has been prioritized in favour of critical on-going projects. A look at the budget proposal shows that Health, Education, Works, Security, Infrastructure, Agriculture and Human Capital Development and Commerce and Industry will be accorded priority in this 2020 budget.
“While Works and Infrastructure for Concession will receive a total of Fifty Four Billion, One Hundred and Twenty Five Million and Eighty Three Thousand, Four Hundred and Sixty Eight Naira, Forty Eight Kobo (N54,125,083,468.48) or 30.38% of the total budget sum.
“Education will receive a total of Twenty Seven Billion, and Ninety Seven Million, Two Hundred and Sixty Two Thousand, Three Hundred and Eighty Eight Naira Sixty Nine Kobo (N27,097,262,388.69) or 15.21% of the total budget sum.
“Similarly, Health will receive a total of Fifteen Billion, Four Hundred and sixty six Million, Five Hundred and Forty One Thousand Six Hundred and Three Naira Eighty Five Kobo (N15,466,541,603.85) or 8.68% of the total budget.
“Human Capital Development and Commerce and Industry will jointly receive the sum of Eight Billion and Sixteen Million, Eighty Eight Thousand Three Hundred and Twenty Four Naira Seventy (N 8,016,088,324.70) or 4.50% of the total sum. Agriculture will receive Three Billion, Seven Hundred and Sixty Nine Million, Seven Hundred and Forty Two Thousand, Seven Hundred and Ten Naira Sixty Five (N3,769,742,710.65) or 2.13% of the budget.
“Security will receive Two Billion, Six Hundred and Seventy five Million, Five Hundred Thousand Naira (N 2,675,500,000) or 1.5% of the budget sum, making a total of One Hundred and Eleven Billion, One Hundred and Fifty Million, Two Hundred and Eighteen Thousand Four Hundred and Ninety Six Naira Thirty Seven Kobo (N 111,150,218,496.37) or 62.40% of the budget sum allocated to the 6 critical sub-sectors.
“The recurrent expenditure of N46,080,516,990.04 is 25.87% of the total budget while capital expenditure of N132,056,117,985.38 is 74.13% of the total budget,” he said.
