Abia gov presents N139.542bn appropriation bill for 2019

Governor Okezie Ikpeazu of Abia State on Friday presented N139bn appropriation bill for the 2019 fiscal year to the state House of Assembly.

The bill, tagged “Budget of Consolidation,” has a capital expenditure outlay of N71.7b, representing 51.4 per cent, and recurrent expenditure of N67.8bn, representing 48.6 per cent.

Ikpeazu said the budget outlay was slightly less than that of 2018, which was N140. 9bn.

He said that the decrease was mainly due to his administration’s resolve to prepare a budget that conformed with the current economic realities in the country.

He further said that the 2019 budget estimate was conceptualised to help realise the objectives of his administration’s five pillars of development agenda.

He said, “In 2019, our focus will be on continuity and sustenance of the gains achieved by this administration in the areas of agriculture, education, health, infrastructure and youth cum women empowerment,”

Reacting, Speaker of state’s House of Assembly, Chikwendu Kalu, promised that they would give prompt attention to the budget estimate.
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