The Delta State Governor, Dr. Emmanuel Uduaghan today signed a 451 billion naira 2014 Appropriation Bill into law with an assurance that more money would be spent on capital projects this year for the benefit of Deltans.
Flanked by the former speaker, Mr Victor Ochie, the Commissioner for Finance, Mr Kenneth Okpara, and the Clerk of the House, Dr. Uduaghan while signing the 2014 Appropriation Bill and three other bills in Asaba, disclosed that N161.74 billion or 36% of the total budget was for recurrent expenditure while N289.2 billion or 64% was for capital expenditure.
The other bills signed into law are the Delta State Local Government Bill 2013; Delta State Security Fund Bill, 2013; and The Renumerations, Salaries, Gratuities and Allowances of other Public Officers Bill, 2013.
These bills would assist the state government in ensuring sound financial management, good governance and increased infrastructural development for the benefit of Deltans.
The capital expenditure is however higher than recurrent in this year’s budget as the state government, in the last few years has tried to control recurrent expenditure so as to free up more funds for capital projects.
While presenting the four bills, Mr Ochie explained that the bills were to enhance and improve on the dividends of democracy in the state.