Chairman of Aniocha North local government area of Delta state, Chuks Oseme, on Tuesday presented a budget estimate of N1.8billion for the 2018 fiscal year to the council legislative arm for consideration and approval.
Presenting the budget christened, budget of reality at plenary of the House presided over by the leader, Hon Ekene Nwaonye, the chairman said the budget estimate was made up of N1.8billion comprising recurrent expenditure of N1.2 billion and capital expenditure of N555million.
The budget tagged “Budget of Reality” will be funded from statutory allocation and Internal Generated Revenue (IGR), Value Added Tax (VAT) and other capital receipts.
The council boss, who explained the reason why capital expenditure is far below recurrent, said it was to ensure that all salary arrears are paid without delay.
He said his team is working round the clock to boost the council IGR, adding that in spite of the capital expenditure that took huge part of the budget, his administration would strive to ensure that capital projects are being undertaken.
He said ‘we are trying to be proactive, the reforms we are undertaking in revenue collection, the blocking of leakages in all revenue sources”
Oseme said the increase in the projected revenue was based on the optimism that the current peaceful atmosphere in the area would be sustained.
He said his administration was determined to build a council anchored on inclusive economic growth and sustainable development.
Motion to adopt the budget estimate was moved by majority leader, Hon Ekene Eziunor, and seconded by Hon Chinedu Njoagwuani member representing war 1 Obio.
In a vote of thanks, the leader of the house commended the chairman for the timely presentation of the budget and discharging its constitutional duty.
He said that the budget would be diligently scrutinised and assured a speedy passage of the budget.
Also, the commissioner for local government and chieftaincy affair, Hon. Joyce Overah who observed the budget presentation commended the council for given peace a chance.
He enjoined them to unite together and move the council forward, saying that only peace can bring development.