Enclosed is a summary of the 2012 Budget proposal speech which was presented to the Imo State House of Assembly on January 19th, 2012. Tagged the “Budget of Rescue”, find out what Governor Rochas Okorocha has in mind for the people of Imo and how much he needs to achieve his goal.
Mr. Speaker Honourable member, a budget size of N174,316,400,000 is proposed for the 2012 fiscal year. Out of this figure Recurrent Expenditure would be allotted 27% (N47,065,428,000) while the outstanding 73% or N127,250,972,000 will be shared to capital projects. Our revenue projections for 2012 are N88,195,040,515 for recurrent items and capital receipts of N86,121,359,485. The details of recurrent revenue are as follows:-