Delta State Governor has presented the Budget Proposals of N714.4 billion for the 2024 Fiscal Year to the hallowed House. It is the first budget proposal by his administration. The total amount includes N316.6 billion or 44 percent of the budget for Recurrent Expenditure and N397.9 billion or 56 percent of the budget for Capital Expenditure.
His statement reads in part, “Today’s event brings back fond memories of when I presided over similar sessions as Speaker in this House for six remarkable years. Those were experiences I will forever cherish, and I thank God for the privilege of this opportunity to address this esteemed House as Governor.
The Budget Proposals, named ‘Budget of Hope and optimism’, It is envisioned to put the economy on the path of sustainable growth, boost investments and productivity, enhance the ease of doing business, and provide ample opportunities for the average citizen to participate in the economy.
The 2024 budget proposal shows a decrease of 94.9 billion or 12%, compared to the 2023 approved budget of 809.4 billion naira. The slight decrease is due to the fact we have planned the 2024 budget around fiscal discipline, which means that the budget will be funded largely from within and the State would spend only what it can earn within the period.
We give God praise for all the achievements”, he concluded.
