The Governor of Delta,
Senator Dr. Ifeanyi Okowa has presented a budget proposal of N270.91billion for
2017 to the State House of Assembly.
Okowa said N151.909 billion of the amount was for Recurrent
Expenditure, while Capital Expenditure stood at N119.001 billion.
He said the 2016 budget christened: “Budget of Fiscal
Consolidation and Continued Progress’’ showed a marginal increase of N2.731
billion when compared to the 2016 approved budget of N268.169 billion.
Okowa said the country could not reap the benefit of the oil
benchmark $38 per barrel because the nation could not sustain the 2.2mbpd crude
oil production target as a result the activities of militants in the Niger
Delta which has also continued to impact negatively on the state's Internally
Generated Revenue.
"It has therefore become imperative that to explore other
sources and we are currently renewing rates and charges and also harmonizing
the various taxes in the state.''
He said: “As a result, we have proposed to earn N70.165 billion
as revenue receipts from Internally Generated Revenue (IGR) in 2017.
“The sum of N148.9 billion is expected from Statutory Allocation
from the Federation Account in the 2017 fiscal year.
“The proposal for capital receipts for 2017 have been scaled
down from N44.29 billion in the 2016 budget to N41.29 billion in 2017.’’
Okowa said that expected revenue from Value Added Tax (VAT) was
N10.515 billion, while other capital receipts would be N42.1 billion.
The governor said that the Delta State Oil Producing Area
Development Commission (DESOPADEC) had the lion share of N28 billion of the
budget proposal.
The environmental sector had N24.38 billion followed by the
economic sector with N29.44 billion.
Okowa said N1.3 billion had been proposed in the budget for job
creation, agricultural support package and wealth creation scheme.
He said that the sum of N38.18 billion have been provided for
road infrastructure in 2017 noting that apart from N1.3 billion provided for
interventions in the oil city of Warri, the sum of N1.2 billion have been
earmarked for the reconstruction of the Effurun to Enerhen Junction.
Direct Labour Agency DLA, will get N900 million while N1.6
billion have been provided for storm drainage in Asaba.
The Governor also said that the Central Hospital Asaba is
nearing completion while the Contributory Health Insurance Scheme will commence
in January 2017.
Okowa assured that his administration would continue to observe
the basic principles of prudent management of public finances.
The Speaker of the Assembly, Rt. Hon. Monday Igbuya, assured the
governor that the budget would be carefully scrutinised to meet the
expectations of the people of the state.
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