Imo State Governor, Rochas Okorocha on Thursday presented a budget proposal of N276, 818,071,812 for the 2019 fiscal year.
A breakdown of the budget, showed that a total sum of N214, 641,699,585, representing 77.54% of the total budget was earmarked for capital expenditure, while N62, 176,372, 227, representing 22.46% of the total budget was set aside for recurrent expenditure.
Presenting the budget tagged ‘Budget of Consolidation and Economic Stability’ , the governor, stated that “with the presentation of the 2019 budget proposal to the House, we have launched the state into the last phase of the Rescue Mission Development Plan”.
He said that his administration’s commitment to making the state a robust as well as the fastest growing economy in Nigeria is irrevocable, adding that, the 2019 budget provides a realistic platform for the attainment of the state’s development goals under the Rescue Mission State Department Plan”.
According to the governor, the budget is designed to ensure the completion of all on going projects in the state and improve the economic growth through investment infrastructure.
He said the budget will consolidate the development efforts of his administration by ensuring prudence and efficiency in the expenditure programmes.
“It gives hope and practical support to our youth who are key to our prosperous future; it will not only consolidate our development efforts but will ensure prudence and efficiency in our expenditure programmes,” he said.
He said the budget would focus on urban renewal, efficient health care delivery, women and youth empowerment, health development among others.