Delta state governor, Dr Ifeanyi Okowa, on Thursday presented a budget proposal of N561,820,596,524 for the 2023 fiscal year to the State House of Assembly.
The budget christened ‘Budget of Seamless and Stable Transition’ the proposed estimate is the highest since 2015 when Okowa mounted the saddle.
Breakdown of the proposal showed that N235,208,340,101 representing 42% is for recurrent expenditure while capital expenditure has N326,612,256,423 representing 58%.
Presenting the budget proposal before the state House of Assembly for consideration and approval, Governor Okowa said it will be funded with Internally Generated Revenue (IGR) – N95 billion; statutory allocation – N357,996,119,852; other capital receipts – N80,332,124,492.
Dr. Okowa said the state took into consideration the “National Inflation (consumer prices), the real GDP growth, derived from the National Bureau of Statistics (NBS), and the Federal Government’s assumptions.”
He added that the benchmark…
