The debt profile of Delta State now stands at N207billion, the state Commissioner for Finance, Chief Fidelis Tilije has said.
Speaking at the 2021 budget break down in Asaba on Wednesday, Chief1 Tilije said the present administration was comfortable with the present debt profile, explaining that Delta was the least indebted state, having been rated 8 per cent debt ratio by the Debt Management Office (DMO).
According to him, the implication was that the state was free from every encumbrance to borrow to fund projects, as the present seal by the Federal Ministry of Finance for states to borrow was 20 per cent debt ratio following a reduction from 40 per cent as a result of COVID-19 pandemic.
Earlier, the Commissioner for Budget and Economic Planning, Dr Barry Gbe said the sum of N2 billion was expended in the payment of allowances to frontline health workers as an incentive in the fight against the spread of COVID-19.
The amount, he explained jacked up the total amount spent on personnel cost between January and September 2020 from N62.17 billion to N64.85 billion, representing a performance of 103.31 per cent in the budget of the outgoing year
Giving the overall performance of the 2020 budget as a background to the outlook to the sectoral breakdown of the 2021 budget size of N383 billion the Commissioner stated:
“Between January and September 2020, the state recorded a total revenue of N190.3 out of the proportionate revenue of N211.7 billion representing 88.87 per cent.
“On expenditure, a total of N152.8 billion was spent out of the proportionate budget of N211.7 billion representing an overall performance of 72.15 per cent.
“The budget was carefully formulated and designed to address the challenges and resultant impacts of COVID-19 pandemic, targeted at bringing the businesses and sources of family livelihood back to life.”
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