From Ahmed Kaigama, Bauchi
Bauchi State Governor, Dr Mallam Isa Yuguda has presented his administration’s 2015 Appropriation bill of N127.893 Billion the State House of Assembly tagged “Budget of fulfillment and continues optimism”
The amount is made up of a recurrent expenditure of N62.8 billion and a capital expenditure of N65.8 billion.
Presenting the budget to the State House of Assembly today, Governor Isa Yuguda said the budget recurrent estimates is put at N77.9 billion, made up of N69 billion statutory allocation and an Internally Generated Revenue of N8.9 billion.
The recurrent expenditure estimates, according to the Governor, is made up of personnel cost N26.1 billion, overhead cost N25.1 billion while the Consolidate Revenue Fund Charges take N11.4 billion.
Tagged, “Budget of Fulfillment”, Governor Isa Yuguda said that Bauchi state will remain on the path of sustainable development in the implementation of the 2015 budget.
Mallam Isa Yuguda gave a breakdown of the Consolidate Revenue Fund Charges as N4.5 billion Pension and Gratuity, Public Debt Charges/debt servicing takes N5.4 billion, as Public Officer’ Salary consumes N1.5 billion.
He revealed that capital receipts are projected in the sum of N49.9 billion, made up of Opening balance N250 million, Internal loans N9.6 billion, External loans N7.3 billion, Aids and Grants N9.4 billion, as well as other capital receipts/LG Joint Projects N23 billion.
The Governor explained that the capital expenditure consist of N8.6 billion for Administrative Sector, N30 billion goes to the economic sector, as Law and justice Sector carries N1 billion while the sum of N21 billion is for Social sector.
Yuguda assured the people of Bauchi state that peace and political stability will continue to be maintained, as security challenges faced are continuously being addressed, and therefore urged them to live in peace with one another for the rapid socio-economic development of the state.
The House Speaker, Rt. Hon. Yahaya Mohammed Miya had while responding described the presentation as historic as it is the last budget by Governor Isa Yuguda following his successful completion of his two terms tenure mandate offered him by the people.
Rt. Hon Miya noted that everybody at one time will play his role with some of his actions and inactions understood and appreciated at the time while some will only be appreciated by posterity after one might have left office.