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Obiano Restates Commitment Towards Public Finance Reforms, Fiscal Discipline

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The State Government says it will consistently evaluate all its processes in the coming year to check negative trade-offs and corrupt practices that will mitigate the implementation of its value-driven programmes and policies.

Governor Willie Obiano disclosed this at the State House of Assembly Complex in Awka when he presented the state’s draft estimate for the 2018 fiscal year.

The 2018 budget estimate of one hundred sixty-six point nine billion naira, is titled “budget for value for money, economic diversification and job creation.

Presenting the estimate, Governor Obiano who noted that the underlying principle of his administration going forward, will be doing even more with less, emphasized that his government will maintain zero tolerance for corruption and corrupt practices and warned that any government official found to engage in such will face the full wrath of the law.

He said his government will aggressively embark on public finance reforms to optimize and strengthen the state’s tax administration system but stressed that his government will not increase tax and levies in the coming year.

The Governor explained that the major outcome of his efforts in the area of security of lives and property and investment promotion is to create ample jobs to tackle unemployment, underemployment and more importantly, to provide viable means of livelihood for the poor and the vulnerable, adding that the necessary budgetary provisions have been made in the 2018 draft estimate to sustain the tempo.

Governor Obiano further said a major thrust of the budget is that it will assist the state develop stronger ties with the Federal government and key development partners towards intervening in the social investments, works and infrastructure, education, healthcare and environment sectors.

According to him, the expected public-private partnerships the budget will attract, is targeted to engender promotional processes that will attract large scale export-driven investments across key economic pillars in the state.

 

Enumerating the assumptions on which the estimate is predicated, Governor Obiano stated that the budget also highlights the significant infrastructural development expected in the new fiscal year, leveraging on the successful stability achieved under his watch in the state’s domestic economy during the challenging period of the last fiscal year.

 

The Governor described the landslide victory he received during the just concluded governorship election as a clear endorsement of his performance so far and an increased yearning for more, promised that the budget will help his government achieve even greater exploits for Ndi Anambra.

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