Anambra has been ranked the second best state after Rivers in 2020 states’ fiscal sustainability index.
The states sustainability index provides policy makers with robust insights on ways to implement financial and institutional reforms that will improve fiscal performance and sustainability level of states.
The report, just released by a Communication Associates on behalf of BudgIT, a civic advocacy society that uses technology to intersect citizen’s engagement with improved governance,
placed Ogun and Lagos States as third and fourth respectively.
Bayelsa, Osun, Ekiti and Plateau States occupy the least positions in the ranking according to the report.
The latest 2020 edition of the annual States of States report titled:
“Fiscal Sustainability and Epidemic Preparedness Financing at the State level’’, noted that soaring debt burden, imprudent fiscal planning and nearly a decade of misplaced expenditure priorities without a doubt had led to fiscal crisis for many states.
BudgIT’s Principal Lead, Gabriel Okeowo, notes that although some states had seen some improvements in their Internally Generated Revenue between 2014 and 2019, there was still a need to put systems in place for aggressive IGR growth within the sub-national economies, especially as falling crude oil prices, OPEC production cuts and other COVID-19 induced challenges are set to impact Federal Allocations over the next two years.
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