The Governor of Enugu State, Barr. Sullivan Chime has assured the people of the state of his administration’s resolve to complete all ongoing projects in the state before the expiration of his tenure in 2015.
Chime made this declaration while presenting the 2014 budget at the Enugu State House of Assembly yesterday at the Legislative Building.
He said:”Prudence remains the guiding principle in the implementation of the 2014 budget. Government will also strive to leverage on our revenue sources, create an investor-friendly climate and curb revenue leakages through pay-direct system on all government transactions.
“In Year 2014, our emphasis will be completing on-going projects whilst considering new ones that are vital to the development agenda of our State and in line with the Visit-Every-Community,VEC, document.
“In order to consolidate on the gains of the past six and half years, maintain effective service delivery to our people and lay a solid foundation for the next administration, I hereby present to you the Year 2014 Draft Budget of ninety three billion, two hundred and eighty seven million naira (N93,287,000,000).
“This is higher than the 2013 budget size of eighty three billion, seven hundred and seventy three million, two hundred and three thousand, four hundred and eight naira (N83,773,203,408) by nine billion, five hundred and thirteen million, seven hundred and ninety six thousand, five hundred and ninety two naira (N9,513,796,592) representing eleven per cent (11%) increase.
“The budget is made up of thirty nine billion, three hundred and forty two million, five hundred and forty nine thousand, one hundred and sixty three naira (N39, 342,549,163) as Recurrent Expenditure, which is 42% of the budget size whilst fifty three billion, nine hundred and forty four million, four hundred and fifty thousand, eight hundred and thirty seven naira (N53, 944,450,837) is for Capital Expenditure, representing 58% of the entire envelope.
“Government also expects a Recurrent Revenue of fifty seven billion, four hundred and ninety million, one hundred and fourteen thousand naira (N57, 490,114,000). Government intends to realize this amount through internally-generated revenue which is estimated at nine billion, one hundred ninety million one hundred and fourteen thousand naira (N9,190,114,000) representing 16% and our share of Federal Revenue put at forty eight billion, three hundred million naira(N48,300,000,000) which is 84%.
