From Lawal Sa’idu Funtua, Katsina
Governor Aminu Bello Masari of Katsina State, yesterday presented a budget proposal of N211, 497,191,095.00 billion to the state House of Assembly for the 2018 financial year.
Presenting the budget proposal, Governor Masari disclosed that the budget tagged “Budget of actualization” was made up of 75.7 per cent capital expenditure and 24. 3 per cent recurrent expenditure.
He said that, the 2018 budget has a recurrent expenditure estimate ofN51, 409, 821, 610.00 per cent while the capital expenditure stood at N160, 087, 369, 485.00, where he further disclosed that in aggregate
terms the 2018 budget is higher than that of 2017 by N71, 335, 098, 405. 00.
According to him, the total amount projected to finance the 2018 budget was N167, 634, 213, 235. 00 which he said comprises of N10, 277, 807, 500.00 as internally generated revenue, N26, 256, 405, 735.00 as other internal revenue and M131,100,000, 000. 00 as revenue receivable through the federation account.
Masari expressed optimism with the performance of the 2017 budget performance that a lot of achievements were recorded in the agriculture, education, health, water resources, rural development and security.
He similarly commended the state House of Assembly for their role in supporting government to implement all its laudable programmes and policies, calling on them to expedite deliberations on the budget and ensure its speedy passage.
In a remark , the Speaker of the state House of Assembly, Alhaji Abubakar Yahaya Kusada praised the financial discipline of the state government in shouldering its major responsibility to the people of the state.
He said “it is also a well known fact that many states were unable to not only embark on projects but also pay salaries to workers. But in the case of Katsina it is gratifying to note that governor had never at once deferred in the payment of salaries, pension and gratuity”.