The governor of Delta State, Dr. Emmanuel Uduaghan presented the 2013 approipriation bill to the Delta State house of assembly today, November 23, 2012 at the State Assembly Chambers.
The submission by the Governor shown a total budget proposal of N398.31billion [three hundred and ninety eight billion, three hundred and ten million naira] for our State for the 2013 fiscal year. This amount comprises N145.94billion [one hundred and forty five billion, nine hundred and forty million naira] or 36.64% for Recurrent Expenditure and N252.37bn [two hundred and fifty two billion, three hundred and seventy million naira] or 63.36% for capital expenditures.
The new budget for year 2013 shows a decrease of N38.9billion [thirty eight billion, nine hundred million naira] or 8.9% when compared to the year 2012 approved budget of N437.21bn [four hundred and thirty-seven billion, two hundred and one million naira].
The governor, in presenting the proposed budget told the State Assembly that the “budget reflects the collective determination of Government to address the challenges of creating jobs, ensuring peace and security, reducing poverty, building infrastructure and growing our economy. The budget sets us on a path that will neither be easy nor uncontested- hard work and difficult choices lie ahead. We have embarked on the long walk to economic freedom, we have put our hands on the plough and we would not relent, we must finish strong“.
Adding also that, “the 2013 Budget continues with our tradition of placing the well-being of Deltans as top priority. What is important is the creation of a brighter future for every Delta child, a future full of hope and prosperity, not fear or hatred. Over the last 5 years, Government charted a clear path for our beloved State to achieve the state vision encapsulated in our 3-point agenda. In an environment of global uncertainties, the strong support of all Deltans is mandatory for us to become a developed and prosperous State”.
