Enugu State's Fiscal Resilience Recognized by BudgIT for Potential Self-Sustainability
Enugu State, led by Governor Peter Mbah, has been commended by BudgIT for its fiscal resilience and ability to potentially survive without monthly federal allocations. Mbah's administration has focused on revenue reforms, spending discipline, and historical debt reduction, leading to a significant decrease in foreign debt by $39.8 million within a year.
The state's Internal Generated Revenue (IGR) has seen substantial growth, reaching N180 billion driven by comprehensive tax reforms and improved compliance. Enugu's commitment to fiscal sustainability and reduced dependence on IGR growth models has boosted investor confidence and positioned the state for long-term economic stability.
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