The Delta state government has proposed a N389 billion budget for the 2020 fiscal year.
The state Commissioners for Information, Mr Charles Aniagwu, disclosed this while briefing newsmen on Wednesday in Asaba, the state’s capital.
Aniagwu said that the budget approval was part of the decisions reached at the state’s Executive Council meeting of Tuesday which was presided over by Gov. Ifeanyi Okowa at the Government House, Asaba.
Giving details on the proposed budget, the Commissioner for Economic Planning, Dr Barry Gbe, said that the approval for the budget followed a rigorous process with inputs from Ministries, Departments and Agencies in the state to ensure compliance and realisation.
Gbe said that the state government Fiscal Strategy Paper (FSP) adopted the crude oil production figure of 2.18 billion barrel per day and 57 US dollars per barrel bench mark in arriving at the budget figure.
“The budget for 2020, is N389 billion which dropped with about N1billion from that of 2019 of N390.3 billion.
“The Capital Expenditure is about N217 billion and the Recurrent Expenditure is N171billion. This means that we will do more projects than spend more money on recurrent.
“The personnel cost actually moved up because we put into consideration the payment of the new minimum wage by 2020,” Gbe added.