Fiscal sustainability is the ability of a government to sustain it’s current spending, tax and other policies in the long run without threatening government solvency.
Large revenue windfalls recoreded during boom periods have over the years destabilised the budgets of states. The phenomenon has lured government into unsustainable increases in expenditures in which they find themselves locked in when revenue falls.
Governor Ifeanyi Ugwuanyi quickly adopted Fiscal Sustainability Plan, the framework for the sustenance of the State governments in Nigeria, which is a product of an agreement between the Federal and State government, has been hailed as a strategic game-changer for fiscal governance at the State level. Achieving fiscal sustainability is vital to enable the State undertake it’s numerous programs.
In achieving this, the State House of Assembly have vital roles to play and they can not do much without the support of the Governor.
Governor Ifeanyi Ugwuanyi had offered himself to make economic policies that will improve and sustain the good people of Enugu state and Nigerian in general by increasing state revenue and improving state without burdening Ndi Enugu with increased taxation. These are geared towards ensuring turnaround of the State economy and placement of the State on the path of Fiscal sustainability. He designed a realistic expenditure target which is the reflection of revenue inflows, this is most important for a realistic budget. Governor Ifeanyi Ugwuanyi Unlike other states’ governors who resort to huge borrowing to run affairs of governance makes judicious use of the available resources in the state. Today, Enugu State is ranked one of the few states that boast of fiscal sustainability in the country despite its limited economic resources.
Also in His effort towards achieving fiscal sustainability for the state, Governor Ifeanyi Ugwuanyi adopted a number of policy measures aimed at remedying the state’s macroeconomic and fiscal conditions.
The administration of Governor Ifeanyi Ugwuanyi have mandated biometric registration of all the state’s civil servants, this was targeted at making fraud payments like double payrolling and ghost working in the state’s civil service a thing of the past. In futherance to this, Governor Ifeanyi Ugwuanyi immediately implemented the policy of Treasury Single Account( TSA). As a unified structure of government bank account, has given a consolidated view of the State’s cash resources, this has also ensured adequate monitoring of government reciepts and expenditure, block leakages from state’s account.
Better today…… Greater tomorrow.
Enugu State is the hands of God
BIBIAN ANEKWE NEWS…“Reach high, for stars lie hidden in your soul. Dream deep, for every dream precedes the goal.” ~ Pamela Vaull Starr
Written by
Nnamdi Igwebuike
A Political Analyst
MEDIA TEAM MEMBER OF ENUGU DI N’AKACHUKWU MOVEMENT
