Delta State Governor, Dr Emmanuel Uduaghan, on Wednesday presented a budget proposal of N327.68bn the 2015 fiscal year to the State House of Assembly in Asaba.
Uduaghan said the estimate contained a recurrent expenditure of N161.6bn and N166.07bn capital estimates, representing 49.32 and 50.68 per cents respectively.
He added that the 2015 proposed budget was lower than the 2014 fiscal estimates by N123.05bn, explaining that the decrease was occasioned by the fall in the price of crude oil at the international market.
Sectoral breakdown of the capital estimates revealed that a lion share of N50.32bn, representing 30.3 per cent is allocated to the economic sector, followed by the social, general administration and environmental sectors while the sum of N34bn is voted for the Delta State Oil Producing Areas Development Commission. Click to signup for FREE news updates, latest information and hottest gists everyday
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