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Enugu State House of Assembly today passed the state’s 2021 appropriation bill of ₦169.8 billion.
According to the News Agency of Nigeria, the budget christened ‘Budget of recovery and Continued Growth,’ earmarked ₦101.1 billion (60% of the overall budget size) as capital expenditure, while the remaining 40% which translates to ₦68.1 billion was budgeted for recurrent expenditure.
The budget aligns with the Enugu State Medium Term Expenditure Framework (MTEF) 2021-2023 and Fiscal Strategy Paper (FSP), aimed at prudent fiscal management coupled with prioritization of public expenditure, all focused on achieving a better balance between capital and recurrent expenditures.
THE EASTERN UPDATES