News

December 14, 2011

Delta budgets N383.39bn for 2012

By Austin Ogwuda

Asaba – DELTA State governor, Dr. Emmanuel Uduaghan, yesterday presented his 2012 budget proposal of  N383. 39 billion to the State House of Assembly for consideration and promised to apply “stricter control over expenditure.”

Christened, Budget for sustainable development, the amount is made up of N169.82 billion or 44.30 percent for recurrent and N213.57 billion or 52.31 percent for capital expenditures.

A breakdown of the figure shows that 2012 budget is higher   than  the 2011 budget  of N361.90billion by N21.08 billion  or 5.94 percent.

Uduaghan said the 2012 budget  is predicated on result oriented strategies.

He said: “Government is moving away from the usual budget practices of mere allocation of figures to a practical, structured, and robust approach that can sustain development.’’

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