Ugwuanyi presents N105b budget for 2017

Enugu state governor Ifeanyi Ugwuanyi yesterday presented the 2017 budget estimate of N105,719,471,000 (one hundred and five billion,
seven hundred and nineteen million, four hundred and seventy one thousand Naira) to the Enugu State House of Assembly for approval.

The bill which was themed: “Budget of Economic Recovery and Inclusive Development”, when approved, according to the governor would address the yearnings and aspirations of the people of the state, in spite of the present economic challenges in the country.

He noted that the budget represents a 24 percent increase compared to the previous year’s figure of N85, 179,449,000 (eighty five billion,
one hundred and seventy nine million, four hundred and forty nine thousand Naira). From the budget size presented, N55, 197,939,000 representing 52 percent is for recurrent expenditure while the sum of N50, 521,532,000 representing 48 percent is for capital expenditure.