KANO State Governor Abdullahi Umar Ganduje, on Thursday, presented before the state’s House of Assembly a total sum of N197.6 being the 2020 budget proposal for the state.
Tagged “Budget of Sustainable Development,” the Education sector takes the largest share of 25.23 per cent amounting N49.9 billion of the total budget, followed by the Works and Infrastructure Ministry.
Presenting the budget estimates, Abdullahi Ganduje explained that out of the total budget, N117, 710, 626, 881 was for capital projects while over N79, 972, 726, 788 was set aside for recurrent expenditure.
Ganduje also explained the lawmakers in Kano assembly that the 2020 proposed budget had a decrease of N16,209,513, 632 billion representing 12 per cent when compared with the 2019 budget.
“The proposed capital expenditure for the 2020 fiscal year is N117,710,626,881, which is lower than that of 2019 by N16,209,513,632 representing 12% decrease and it is to be financed by N63,972,273,222expected Recurrent Revenue surplus and total capital receipts of N53,783,353,659”.
“The capital receipt is made up of estimated grants and aids of N25,989,884,251, expected internal and external loans of N23,112,500,000, estimated Miscellaneous receipts of N4,446,269,408 and treasury opening balance of N234,700,000,” Ganduje stated.
Ganduje said, “The total projected Recurrent Revenue for the year 2020 is estimated at the sum of N143,900,000,000 which consists of N40,000,000,000 as Internally Generated Revenue (IGR) and N76,000,000,000 as revenue from the Federation Account.
According to him, the total recurrent revenue is lower than that of the year 2019 by N14,762,668,707 representing a 9 per cent decrease. It is important to note that the projected Internally Generated Revenue (IGR) is lower than that of the year 2019 by N6,901,030,760 representing 15 per cent decrease.
Ganduje disclosed that the Ministry of Education would receive the lion share of N49. 9 billion, representing 25. 23 per cent to allow for critical projects such as the government’s free and compulsory education policy.
This is followed by the Works and Infrastructure sector, N33. 8 billion, Governance and Service delivery, N33. 7 billion, Health N30. 7 billion, Water Resources, N15 billion and Judiciary, N7. 9 billion.
In his remarks, the Speaker, Kano State House of Assembly, Alhaji AbdulAziz Garba Gafasa, assured the commitment of the House to work with the executive to move the state forward.
He added that the Assembly would conduct a public hearing on the budget to ensure that all stakeholders are carried along in the governance of the state.Read Full Story