Benin City - Edo State Governor, Mr. Godwin Obaseki, on Monday presented a budget estimate of N150bn for the 2017 fiscal year to the state House of Assembly.
The 2017 budget is 29 percent larger than the 2016 estimate.
Tagged a “Budget of Consolidation and Prosperity, “Obaseki said recurrent expenditure is N74.9bn, while capital expenditure is N75.1bn.
The governor said the budget has a deficit of N25bn which would be funded by external borrowing in the first tranche of the World Bank support project.
He said the 2017 budget was planned around six key policies including economic revolution, institutional reforms, social welfare enhancement and tourism among others.