NewsObiano presents N141.9b appropriation bill for 2022

Obiano presents N141.9b appropriation bill for 2022

-

- Advertisment -spot_img


Anambra State Governor, Chief Willie Obiano, on Thursday presented a budget estimate of N141.9 billion for 2022 fiscal year to the State House of Assembly.

The budget which is the last of his eight year’ administration was less than the N143.65billion presented for 2021 fiscal year tagged budget of “Economic Recovery and/Consolidation”.

Obiano while presenting the budget estimate said the 2022 budget estimate was based on realistic projections of all sources of revenue, both external and internal, taking into consideration, the state’s revenue and expenditure trend.

Obiano said the recurrent expenditure was projected to gulp 43 per cent of the the total budget size, translating to N60.9billion .

“The remaining 57 per cent which translates to N81.0 billion is for capital expenditure.

“This is expected to drive the 2022 budget theme of continuity, sustainability and development of the new Anambra.

“This budget will be geared towards sustaining our past performance over the last seven years and ensure that we maintain our status as a hub business and a destination for new investments,” Obiano affirmed.

According to him, internally generated revenue is projected at N3.35 billion monthly and N40.36 billion annually for 2022, compared to N3.04 billion annually last year.

“We plan to achieve this through instituted reforms as well as continuous strengthening of our enforcement initiatives and sustaining the growth of our tax database. We have no plan to increase taxes or levies in the coming year.”

The governor stated that other adopted macro-economic assumptions for the budget estimates included capital receipts at N23.38 billion compared to N18 billion of last year and personnel costs at N1.8 billion monthly compared to N1.56 billion last year.

Highlights of capital plan including road works and infrastructure are N23.0 billon earmarked for roads and bridges, N12.16 billion on new roads, agriculture N3 billion, environment N3.42 billion, education N3.23 billion, youth empowered and creative economy N2.08 billion

Others are health – N5.88 billion, small & medium enterprises development – N1.0 billion, water resources and public utilities – N2.01 billion, community and social development program – N1.billion.

2022 budget: Osun organises citizens’ consultative forum

Obiano presents N141.9b appropriation bill for 2022


LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Suspect in MP’s death is ‘British national who booked appointment to see him’

Sir David Amess’ killer may have booked an appointment to see him before stabbing the MP to death...

Bill Clinton’s blood infection was ’caused by E.coli’ and he remains in the hospital

Former President Bill Clinton remained hospitalized Friday receiving treatment for a urinary tract infection that spread to his...

Doctor Who: Flux trailer promises more drama for Jodie Whittaker’s final run as six new chapters set to arrive on Halloween

Doctor Who fans have been given a teaser of what to expect from Doctor Who: Flux as six...

Stand Up To Cancer viewers sob as Tom Parker details being alone when he found out he had a brain tumour

Viewers of Stand Up To Cancer were left in tears watching The Wanted’s Tom Parker detail his brain...
- Advertisement -spot_imgspot_img

Great-grandma left lying in the rain during nine-hour wait for ambulance

Health bosses have apologised after an elderly woman was left lying on the ground waiting for an ambulance in...

I’m A Celebrity 2021 cast ‘revealed’ courtesy of Ant and Dec

I’m A Celebrity… Get Me Out of Here! contestants for the 2021 series were teased over on Ant...

Must read

Suspect in MP’s death is ‘British national who booked appointment to see him’

Sir David Amess’ killer may have booked an...

Bill Clinton’s blood infection was ’caused by E.coli’ and he remains in the hospital

Former President Bill Clinton remained hospitalized Friday receiving...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you