Etsako East LG In Edo Presents N2.4bn Budget Proposal


AGENEBODE (EDO) – The Etsako East Local Government Area of Edo has presented N2.4 billion budget proposal for 2019 fiscal year.

The Council’s Chairman, Mr Aremiyau Momoh, made this known while
presenting the budget to the legislative arm of the council on Friday.

According to him, the breakdown of the budget shows recurrent
expenditure of N1.8 billion, while the capital expenditure is N612
million.

He said that the budget is 13.5 per cent higher than that of 2018.

Aremiyau noted that the budget would be sourced from opening balance
of N92 million, statutory allocation of N2 billion, internal revenue of
N87 million as well as Aids and Grants.

The council chairman said the budget tagged “Budget of
consolidation’’ is to take care of several needs of the council, saying
that 20 capital projects would be executed in the year.

“Our capacity to actualise high performance of the 2019 budget and
turn the social-economic fortune around for overall development begins
with speedy passage of this budget proposal.

“It is my honour and privilege to present this budget to you for
quick consideration and passage in order to move this council forward,’’
he said.



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