Gov Obi presents N140bn 2014 Budget

egistville's Blog

Governor Peter Obi of Anambra, yesterday, presented N140 billion budget proposal for 2014 to the state House of Assembly.
The budget was an increase of 26.18 per cent over the N110.96 billion budget for last year.
He said that N100.29 billion was earmarked for capital expenditure, while N39.71 billion was earmarked for recurrent expenditure.
Obi said that an estimated N100.29 billion was expected from capital receipts in 2014, showing an increase of 41.35 per cent over the budgeted sum of N70.96 billion in 2013.
He said that the focus of the state government would be on poverty reduction measures with the economic sector having an allocation of 42.82 per cent of the total capital budget.
The other sectors are social 14.33 per cent, environment 17.21 per cent and general administration 25.64 per cent.
The governor said that government was mindful of the need to make the capital budget more realistic…

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