The Governor of Ebonyi State, David Umahi on Monday presented a total of One hundred and thirty-nine billion, three hundred and ninety-eight thousand, two hundred and eighty thousand six hundred and forty naira, (N139,398,280,640.00 ) budget estimate to the State House of Assembly.
Tagged a “Budget of Divine Mandate Consolidation and Continuity” (C to C), Umahi, who made the presentation to the state House of Assembly said his administration would implement 41.67% while the next administration would implement 58.33% of the budget.
“This consist of a Recurrent Expenditure of Fifty-Eight Billion, Three Hundred Sixty-Seven Million, Seven Hundred Seventy-Four Thousand Four Hundred and Sixty-Eight Naira (N58,367,774,468.00) covering 41.87% of the total budget”, Umahi said.
“Personnel cost is Twenty-Six Billion, Eight Hundred, Ninety-Four Million, Three Hundred, Eighty-Four Thousand Four Hundred and Sixty-Eight Naira (N26,894,384,468.00) covering 19.29% of the total budget”.
“Overhead cost is Thirty-One Billion, Four Hundred Seventy-Three Million, Three Hundred and Ninety Thousand Naira (N31,473,390,000.00) covering 22.58% of the total budget”.
“The Capital expenditure of Eighty-One Billion, Thirty Million, Five Hundred Six Thousand, One Hundred and Seventy-Two Naira (N81,030,506,172.00) covering 58.13% of the total budget estimate”.
The Governor explained that the 2023 budget proposal is 4.13% less than the 2022 original budget and it is aimed at addressing the challenges observed so far in the implementation of the 2022 original budget.