From Khalifa Abdu Ibrahim, Katsina.
Katsina State Governor, Alhaji Aminu Bello Masari, has proposed a total budget expenditure of N200,741,960,745.00 for the 2019 fiscal year
Presenting the budget estimates on the floor of the House of Assembly on Monday, Masari said that Capital Expenditure would gulp 73.7 per cent of the budget with 26.3 per cent for Recurrent Expenditure.
Tagged, “Budget of Stabilization” Masari explained that it is designed to stabilize what he described as government’s restoration plans, programmes and policies since the beginning of the administration in 2015.
According to Masari, “the government has recorded great success in the implementation of Restoration Agenda in Education, Health, Environment, Agriculture, Infrastructural Development, Economic Empowerment, etc..
“The 2019 Budget is therefore designed to ensure sustainability of laudable programmes and projects in order to consolidate on the successes and achievements recorded by the State Government.
“The total amount projected to finance the 2019 budget is the sum of N139,376,773,735.00 which comprises of N9,720,368,000.00 as internally generated revenues, N28,556,405,735.00 as other internal revenues and N101,100,000,000.00 as revenue receivable from the Federation Account.
He states further: ”It is important to note that the 2019 recurrent revenue has decreased by 17.7 per cent over that of 2018 budget.
“Similarly, the recurrent expenditure in the 2019 budget has increased by one per cent which indicates that in real terms, the revenue has decreased by about 18.7 per cent over that of 2018 fiscal year.
“Under the 2018 approved budget, government successfully implemented people oriented and life-saving projects, policies and programmes that have serious impacts on the people, communities and the state in general, despite the challenges we experienced in revenue allocation from the Federation Account and the internally generated revenue”
In his .conclusion, he heartily expressed that
“The journey so far has been quite successful and challenging. Judicious and effective utilization of public funds have been maintained while people oriented projects, programmes and policies have been implemented.”