Edo State Governor presents Twenty seventeen budget to Assembly.

Edo State Governor, Godwin Obaseki, has presented a budget estimate of one hundred and fifty billion Naira for the twenty seventeen fiscal year to the state House of Assembly.

Obaseki said the twenty seventeen budget tagged a “Budget of Consolidation and Prosperity”, was twenty nine percent larger than the twenty sixteen estimate.

The Governor stated that recurrent expenditure was seventy four point nine billion naira, while capital expenditure was seventy five point one billion naira.

Obaseki said the budget had a deficit of twenty five billion naira which would be funded by external borrowing in the first tranche of the World Bank support project.

He said the budget was planned around six key policies including economic revolution, institutional reforms, social welfare enhancement and tourism among others.

Advertisements

Published by: OJOBORUN TOSIN JOSEPH

Information is a growth for human being, without information we can't live, practicing Journalism in today's style and preparing for tomorrows changes: I am a Journalist, media consultant, social media manager; update yourself with information at newserablog.worldpress.com.

Categories NewsLeave a comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s