The Delta state government Monday estimated N459.2 billion as the indicative budgetary figure for 2023 fiscal year.
Commissioner for Economic Planning, Mr Barry Gbe, while briefing newsmen in Asaba, Delta state capital, said the indicative figure is subject to change.
Gbe noted that the state was not reckless in its spending.
However, he said issues of upward review on some ongoing projects due to inflation will be considered in the 2023 budget.
He said, “The current price of oil stands at 107 per barrel as to 57 dollar per barrel as at 2022. We will organise the budget on a benchmark of 70 dollar per barrel in advent of fall in oil prices.
He said the budget would be used to pay outstanding loan interest of banks that are being owned by the state.
“We do not want to leave a huge debt profile for new administration that will come in by May 2023,” he said.
