CHAIRMAN of Burutu LGA in Delta State, Frank Zuokumor, has presented a N1.522b budget estimates for the 2010 fiscal year to the councilâ€™s legislature.
He said the estimates tagged, â€œBudget of Consolidationâ€ is made of N1. 052 billion for recurrent expenditure and N470 million for capital expenditure and urged the legislative arm to expedite action in the consideration and its eventual approval â€œto facilitate prompt and effective implementation for the overall benefit of our people.”
However, the 2010 budget is N600 million less than that the 2009 budget of N2.170 billion. In the current budget estimates,Â N21 million isÂ expected to be sourced from internally generated revenue, N1.2 billion from statutory allocation from the Federation Account, N128 million from the excess sales of crude oil, N21million from statutory allocation from the state government and other sources.
A breakdown of the budget showed that area development sector grabbed the lion share with N103 million, the general administration sector followed with N107 million and economic sector is third with N103 million.
The social development sector got N96 million while N1.4 million goes into repayment of capital loan sector.
In the words of the chairman, â€œThe total sum of N103, 979,980.00 for the economic sector will be expended in the provision of infrastructural facilities that will boost the establishment of industries and encourage entrepreneurship.
It is also hoped that with the provision of potable water, electricity, health care services and construction of roads, the economic lives of our people will be improved and this will help sustain peace and developmentâ€.
â€œI am happy that most of the projects embarked upon by my administration at inception have been commissioned and put to use. These are some of the dividends of democracy that our people crave for. More will be done this fiscal yearâ€, he added.