News Editor
By Okechukwu Ojukwu in Awka
Governor Charles Chukwuma Soludo of Anambra state has presented the 2025 budget proposal of N606,991,849,118 for the fiscal year 2025. to the state House of Assembly.
The budget size Compared to the 2024 budget of N410,132,225,272, represents a 48.0% increase. Recurrent expenditures account for N139.5 billion (YoY growth of 45.0%), while capital expenditure is N467.5 billion (YoY growth of 48.9%).
The Capital Budget constitutes 77% of the total budget size, while recurrent expenditures account for 23% (the same ratios as for the 2024 budget). The budget deficit is estimated at N148.3 billion (24% of the budget compared to 30% in the 2024 budget).
Outlining the budget plans to drive sustainable development across the state. Soludo said the budget’s theme, “Accelerating Growth, Deepening Resilience,” is focused on key sectors such as infrastructure, education, healthcare, agriculture, and youth empowerment.
Despite economic challenges like inflation and fiscal constraints, the governor reaffirmed his administration’s commitment to improving the lives of Ndi Anambra.
He described the budget as a strategic blueprint for inclusive growth and a roadmap to strengthen the state’s economic resilience.
The budget proposal, is structured to balance capital and recurrent expenditures while ensuring critical investments in priority areas.
The Speaker of the House commended Soludo’s vision and pledged the Assembly’s support in reviewing and approving the budget to benefit the people of Anambra State.
