Delta State governor, Senator Ifeanyi Okowa has presented a budget proposal of two hundred and sixty five billion, six hundred and sixty eight million, one hundred and fifty six thousand, one hundred and seventy four naira (N265, 668, 156,174) for the 2016 fiscal year to the state House of Assembly.
The amount comprised one hundred and fifty-three billion, one hundred and fifty-six million, eight hundred and fifty-two thousand, nine hundred and fifty-six naira (N153.156, 852,956) or 57.65 percent for recurrent expenditure, and one hundred twelve billion, five hundred and eleven million, three hundred and three thousand, two hundred and eighteen naira (N112, 511,303,218) or 42.35 percent for capital expenditure.
According to Governor Okowa, the 2016 budget proposal shows a marginal increase of twelve billion, seven hundred and twenty four million naira (N12.724) or 5.03 percent compared to the 2015 amended budget of two hundred and fifty-two billion, nine hundred and forty-three million naira (N252.943).
A sectoral breakdown of the budget showed that the sum of N2.296 billion would be spent on the state Job and Wealth Creation Scheme, transport sub-sector has N15.421 billion, health sector gets N5.9 billion, education has N10.1 billion, while Delta State Oil Producing Areas Development Commission was allocated N28 billion.
Christened ‘Budget of Renewed Hope and Inclusive Development,’ the governor stated that being the first budget that was conceived by his administration, the grim forecasts from these documents placed a moral burden on the administration to adopt a pragmatic approach in the 2016 budget estimates based on prudent management of public finances, without necessarily playing to the gallery or raising false hope.
Governor Okowa was accompanied by his deputy, Barr. Kingsley Otuaro, his commissioners and top government functionaries to the budget presentation session on Tuesday, which was presided over by the speaker, Rt. Hon. Monday Igbuya.

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