Connect with us

NEWS

Anambra seeks stakeholders’ inputs in 2021 budget

Published

on

GOVERNMENT of Anambra, under the Ministry of Economic Planning, Budget and Development Partners, held a stakeholders consultative forum to seek stakeholders’ inputs on the 2021  budget.

  Mr Mark Okoye, the commissioner in the ministry was physically present along with heads of various state Ministries, Departments and Agencies, including the State Budget Team and representatives from the Civil Society Organisations (CSO), Manufacturers Association of Nigeria (MAN), State Traders Association, Persons Living with Disability and Youth Associations.

  No fewer than 300 participants, including representatives from the World Bank, State and Local Government Reform (SLOGOR) project, the Department for International Development Partnership to Engage, Reform and Learn (DFID-PERL) equally attended.

  State Fiscal Transparency Accountability and Sustainability (STFAS) programmes, the Nigerian Governors’ Forum and other development partners joined the forum via zoom.

    Okoye in his presentation on Medium Term Expenditure Framework, covering period (2021-2023) and draft 2021 Capital and Recurrent Budget Estimates said the 2021 draft annual budget expenditure outlay and other things being equal were estimated at N140.8 billion.

  The increase in the budget size was N25.9 billion from the 2020 revised budget of N114.9 billion representing 18.3 per cent increase.

  A further breakdown showed that the recurrent expenditure was estimated at N52 billion representing 37 per cent of the budget size.

  While the capital expenditure was estimated at N86.24 billion, indicating 63 per cent of the budget size, thereby implying that significant funds would be channeled into capital projects in the critical sectors of the economy.

  Okoye said that personnel costs were estimated at N18.0 billion in the fiscal year 2021 compared with 2020 revised budgeted figure of N17.4 billion.

  This figure accommodates new and important employment into the civil service, such as the replacement of retired teachers, promotions and the projected salary increment in line with new minimum wage.

  “Total overheads are estimated at N22.0 billion for the fiscal year 2021. This figure accommodates provision of subvention to new Ministries Departments and Agencies (MDAs) and other associated costs.

  “Social benefits and contributions including (pensions, gratuities and group life insurance are projected at N12.0 billion in 2021 compared to N10.4 billion as revised in the 2020 budget,” Okoye said.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending