News Echo

  • +23481-2435-0783
  • news@newsecho.com.ng
Search
Close
  • Home
  • News
  • Crime
  • Sports
  • City Reports
  • Business
  • Politics
  • e-Edition 2023
Menu
  • Home
  • News
  • Crime
  • Sports
  • City Reports
  • Business
  • Politics
  • e-Edition 2023
NewsInsider
  • Home
  • News
  • Crime
  • Sports
  • City Reports
  • Business
  • Politics
  • e-Edition 2023
Menu
  • Home
  • News
  • Crime
  • Sports
  • City Reports
  • Business
  • Politics
  • e-Edition 2023
NewsInsider
Home News

Why Delta budget was increased by N5bn – Commissioner

News Echo by News Echo
December 3, 2020
in News
0
Why Delta budget was increased by N5bn – Commissioner
0
SHARES
17
VIEWS
Share on FacebookShare on Twitter

Delta State Commissioner for Economic Planning, Dr. Barry Gbe, has said the increase of the 2021 appropriation bill by N5.5 billion was necessitated by the need to increase the budgetary provision for ongoing projects in the state.

The commissioner stated this at a press briefing on the breakdown analysis of the 2021 budget estimates, Wednesday.
Reviewing the 2020 budget performance, the commissioner said as part of the measure adopted by the government to respond to the corona virus pandemic in the state, the 2020 budget was amended in order to respond appropriately to the situation that prevailed.
“The government during the nine months between January and September, 2020, recorded a total revenue of N190, 308,961,283 out of the proportionate revenue of N211,748,922,289, which translates to 89.87 percent.

According to him, the fiscal assumptions underpinning the 2021 budget included, benchmark oil price of 40 US dollars per barrel, daily oil production estimate of 1.86 barrel, exchange rate of N379 per US dollars, GDP growth projection at 3.0 percent and inflation closing at 11.95 percent.
Speaking, the state Commissioner for information, Mr. Charles Aniagwu, stressed that the legislature remains the final arbiter on budget process, after the executive under the supervision of the governor, had submitted the budget estimates.
Also speaking, the state’s Finance Commissioner, Mr. Fidelis Tilije, said the state’s debt profile now stands at N207 billion.
According to Tilije, the state can still borrow up to 40 percent ratio of its debt profile, noting that the current debt ratio is 8.03 percent.

News Echo

News Echo

We’re Impartial And Independent, And Every Day We Create Distinctive, World-Class News Content Which Inform, Educate And Entertain Millions Of People In Nigeria And Around The World.We Care About Quality Content. We Never Wanted To Be A Big Publishing House: Our Team Is Small, But It’s A Truly Wonderful Team Of People Who Really Care About What They Do. Passionate And Dedicated. Honest And Respectful. Professional But Informal.

Facebook Twitter Instagram
Menu
  • Home
  • News
  • Crime
  • Sports
  • City Reports
  • Business
  • Politics
  • e-Edition 2023

Related Posts

Abia now cleaner under Otti – Ex-First Lady Patience Jonathan

Abia now cleaner under Otti – Ex-First Lady Patience Jonathan

September 22, 2023
Ukpo women tasked to uphold virtues of good motherhood

Ukpo women tasked to uphold virtues of good motherhood

September 22, 2023
newinsider frontpage
NEWSINSIDER MAGAZINE

Copyright @2023 – NewsEcho All Right Reserved.

  • About
  • Advertise
  • Privacy & Policy
  • Contact