Chime Presents N66.4bn Appropriation Bill

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Governor Sullivan Chime of Enugu State on Tuesday presented a budget of N66.442, 293,596 billion for the 2011 fiscal year to the Enugu State House of Assembly.

The budget christened, “ Budget of Continuity,” was lower than the 2010 budget of N68.3 billion by about 1.9 billion representing a 2.8 per cent decrease.

Presenting the proposal, Chime said the decrease was necessitated by the realities of the times with respect to revenue inflow.

A breakdown of the budget showed a recurrent expenditure of N40,114,206,596 representing 60.4 per cent of the budget while N26, 328,087,000 representing 39 per cent was for capital expenditure.

He said government would launch an aggressive campaign for Internally Generated Revenue (IGR) estimated at N7.3 billion.

Other sources of revenue would be from the state’s share of federal revenue estimated at N28.7 billion and Value Added Tax (VAT) estimated at N6 billion.

Chime said the policy thrust of the budget was to consolidate on the gains of the past three and half years of the regime and completion of ongoing projects.

“The strategies for successful implementation of this budget include diversification and intensification of our revenue base, transparency and accountability and more effective expenditure supervision and control,” he said.

On sectoral allocation, works and infrastructure received the highest allocation of N6.7 billion representing 25 per cent of the capital budget followed by education which received N3.7 billion.

Others are water; N2.29 billion, health; N1.78 billion, agriculture, N1.167 billion, and rural electrification; N1.8 billion.

The governor thanked the lawmakers and people of the state for their support and cooperation.

He implored the legislators to give accelerated hearing to the proposal to ensure early passage of the budget.