Governor Mukhtar Yero of Kaduna State on Tuesday in the state capital presented a budget proposal of N203,700,855,271 to the State House of Assembly for the 2015 fiscal year. While presenting the budget on the floor of the House, the governor said the budget of was made up of N72,788,841,776 (Seventy Two Billion, Seven Hundred and Eighty Eight Million, Eight Hundred and Forty One Thousand, Seven Hundred and Seventy Six Naira only) for the recurrent expenditure. This, he said represented 35.72 per cent of the total budget while the capital expenditure was put at the sum of N130,912,013,495 (One Hundred and Thirty Billion, Nine Hundred and Twelve Million, Thirteen Thousand, Four Hundred and Ninety Five Naira only), translating to 64.28 per cent of the budget. The governor added that the 2015 budget tagged ‘Budget of Consolidation and Continuity, was based on the administration’s determination to ensure the completion of all ongoing projects in the state. According to the governor, the capital expenditure for the 2015 budget is categorised into four broad sectors including Economic Sector with an allocation of N42,741,440,735 The social sector, he added, was allocated N37,527,103,840 while the regional and general administration sector got N23,124,954,255 and N27,518,514,695 respectively, bringing the total to N130,9bn. The breakdown of the budget shows that Works and Transport receive the lion share of N29.4bn followed by Education with N20.5bn while allocations to other key sectors include Water Supply, N16.8bn; Health, N12.2bn and Agriculture, N7.17bn. The governor told the lawmakers that his administration would give priority to completing ongoing projects across the state, which he noted, would facilitate the movement of goods and people for the economic growth of the state.
Posted on: Tue, 23 Dec 2014 21:02:30 +0000
Trending Topics
Recently Viewed Topics
© 2015