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From Chijioke Agwu, Abakaliki
Ebonyi State Governor, David Umahi, yesterday, presented the 2023 Appropriation bill of N139,398,280,640 to the state House of Assembly.
Tagged “Budget of Divine Mandate Consolidation and Continuity (C to C)”, the governor said revenue to finance the budget is expected to come from federal allocation and other revenue heads.
He noted that his administration would implement about 41.67 per cent of the budget
“This budget is a transition budget which means that it will be implemented by this administration and the next. The current administration would implement 41.67 per cent while the next would implement 58.33 per cent. The budget estimate is a total of N139,398,280,640.”
Umahi noted that the budget consists of a Recurrent Expenditure of N58,367,774,468 covering 41.87 per cent of the total budget.
He said N81,030,506,172.00 covering 58.13 per cent of the total budget estimate is earmarked for capital expenditure.
A breakdown shows that personnel cost is N26,894,384,468.00 covering 19.29% of the total budget.
Overhead cost will gulp N31,473,390,000 covering 22.58% of the total budget.
Umahi noted that the 2023 budget proposal is 4.13 per cent less than the 2022 original budget of N145bn.
He said the budget is aimed at addressing the challenges observed so far in the implementation of the 2022 original budget.
The governor explained that the decrease in the budget from the 2022 budget is because of some revenue line items that will no longer be expected or will be at least minimal in the year 2023;
He listed some of them to include items such as the IPPIS PAYE refunds to States of the Federation, and the SFTAS World Bank Grant Program.
Umahi, however, noted that there are also several new revenue sources expected in the year 2023 outside of the State Government share of Federal allocation.
