ANAMBRA State has proposed a N143.65billion expenditure for the 2021 fiscal year.
Gov. Willie Obiano made this known as he presented the year’s budget estimate in the chambers of Anambra State House of Assembly
The state’s 2021 budget estimate as projected, proposed a recurrent expenditure of 39.5 per cent (N56.77 billion) and a capital expenditure of 60.5 per cent (86.88 billion).
Presenting the proposed budget under the theme “Budget of Economic Recovery and Consolidation,” Dr. Obiano said it will help to sustain and strengthen the achievements of his administration.
According to him, the budget is based on realistic projections of all sources of revenue, both external and internal and consideration, the state’s revenue and expenditure trend.
“It will drive the budget theme and help to sustain our past achievements. It will also ensure that we maintain our status as a hub for business and a destination for new investments,” Obiano said.
Gov. Obiano also listed the basis and assumptions for the budget estimate to include a projected sum of N46.7 billion from federal allocations and 36.6billion from projected internally generated revenue. The governor however, stated clearly that taxes and levies will not be increased by his administration in the coming year.
Other indices for the basis and assumptions for the budget estimate include capital receipts projected at N20.9 billion, personnel costs estimated at 17.6 billion for the year, total overheads estimated at 22.9 billion for the year (2021) and social benefits, including pensions, gratuities, group life insurance and loan repayments estimated at N16.2 billion. Debt financing was also listed with an estimate of N11.0 billion.
The budget estimate earmarked a total of N32 billion for infrastructural development and construction of roads and bridges. N19.44 billion out of this sum is proposed to be spent on constructing new roads and rehabilitating existing ones.
The Anambra Road Maintenance Agency (ARMA) attracted N1.2billion for effective road rehabilitation and maintenance in the state.
In the same vein, about 50 ongoing road projects in the three senatorial zones of the state as well as access roads to agricultural communities and settlements will be completed and constructed.
This section of the budget proposal equally captured the completion of some legacy projects of the Obiano administration and the development of sports facilities in the state.
Under it, the proposed international Cargo Airport, Umueri, attracted N5.8billion to aid its completion while the International conference centre, Awka attracted N500million.
To aid sports development, the sum of N500million was earmarked for the development of sports stadia in Awka, Ekwulobia and Otuocha.
Further breakdown of the budget estimate which indicated allocation of funds to key ministries saw agriculture and allied sectors getting N2.5billion while N5.0billion was allocated to education and health got N6.8billion. Water resources and public utilities got N3.77billion in similar vein as youth empowerment and creative economy attracted N5.4billion
A special feature in the budget estimate was provision of N200million for compensation of ndi Anambra who have proven cases of gross human rights violation, torture and death from activities of the defunct SARS in Anambra state.
The budget proposal also allocated funds for small and medium enterprises development, community social development and disability inclusive programmes.