Home News & Politics GOV. UGWUANYI SIGNS ENUGU STATE’S REVISED 2020 BUDGET OF N146.4B INTO LAW.

GOV. UGWUANYI SIGNS ENUGU STATE’S REVISED 2020 BUDGET OF N146.4B INTO LAW.

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Governor Ifeanyi Ugwuanyi of Enugu State has signed the revised 2020
budget of N146,374,641,080.00 into law, as against the earlier
approved budget of N169,557,658,300.00.

The revised 2020 budget of N146.4 billion represents 13.67 percent
reduction in the initial budget size of N169.6 billion, which amounts
to N23,183,017,220.00.

The revised budget, which was in response to the negative consequences
of the outbreak of Coronavirus Disease (COVID-19) on the economy, was
passed by State House of Assembly on Wednesday, after its presentation
to the public for inputs.

According to details of the new budget, the earlier approved recurrent
and capital expenditures of N68,790,000,000.00 and N100,767,658,300.00
were revised to N69,790,000,000.00 and N76,584,641,080 respectively,
representing 48 percent and 52 percent.

Also in the approved revised budget, the State Government made savings
of N53,617,927,900.00 and added the sum of N27,455,910,680.

The Governor, who signed the budget in the presence of his Deputy,
Mrs. Cecilia Ezeilo, members of the House of Assembly led by the
Speaker, Rt. Hon. Edward Ubosi, members of the State Executive
Council, among other top government functionaries, thanked the members
of the House for their diligence and expeditious passage of the budget.

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