Home Business & Economy Masari Presents Over N282.7bn 2021 Draft Budget To Katsina Assembly

Masari Presents Over N282.7bn 2021 Draft Budget To Katsina Assembly

0
15
Governor Masari

By; SULAIMAN AHMED MISAU, Katsina

Governor Aminu Bello Masari of Katsina State has presented an estimate of 282,787,930,655.00 billion Naira to the state House of Assembly as year 2021 budget.


Tagged ” Budget of Recovery and Consolidation,” it was designed to complete ongoing projects and initiate other projects that would be completed within the life of the All Progressive’s Congress (APC) Administration in the state.


Governor Bello Masari said the year 2021 budget which was higher than that of year 2020 revised budget by 101,157,587,479.00 billion Naira was structured with a total Recurrent expenditure of 86,426,087,744.00 billion Naira equivalent to 30% of the total budget and Capital expenditure of 196,161,842,911.00 billion Naira which was 70% of the total budget.


Governor Masari described the budget as citizens based budget due to its preparation and engagement of citizens sensitization to provide their input into it.


He said the recurrent expenditure of the year 2021 budget was broken into personal cost 30,611,635,955.00 billion Naira (35.40%), overhead cost 42,890,391,144.00 billion Naira (49.60%) and consolidated revenue changes 12,924,060,645.00 billion Naira (15%) totalling 86,426,087,744.00 billion naira (100%).


Whereas he said the Capital expenditure of 196,161,842,911.00 billion Naira (70%) in line with the International Public Sector Accounting Standard (IPSAS) was also broken into economic sector 135,947481,051.00 billion naira (48.07%),Social Sector 104,138,897,800.00 billion Naira (36.83%), Administration 38,030,538,005.00 billion Naira (13.45%), Law and Justice 4,671,013,799.00 billion Naira (1.65%) totalling 282,787,930,655.00 billion Naira (100%).


Consequently, the Governor said the year 2021 budget will provide adequate allocation of funds to the priority sectors such as Education 19,201,403,309.00 billion Naira (12.17%); Health 26,983,923,319.00 billion Naira (17.10%); Water Resources 22,513,601,585.00 billion Naira (14.27%); Agricultural 20,988,867,506.00 billion Naira ((13.30%); Works 43,886,330,475.00 billion Naira (27.82%) and Environment 24,199,643,185.00 billion Naira (15.34%) totalling 157,773,769,379.00 billion Naira (100%).


Governor Aminu Bello Masari further explained that, the effect of COVID -19 Pandemic was devastating all over the world and during the period, his administration was able to continue with the social services and other entitlements to the existing and retired staff as well as settlement of contractors.assuring that, necessary infrastructure would continue to be provided to make life easy across the state.


He commended the Speaker, members of the State House of Assembly’, people and traditional, religious leaders in the state for their cooperation and mutual understanding.


Speaker of the Katsina State House of Assembly, Alhaji Tasi’u Musa Maigari commended the Governor for executing meaningful projects and programmes that are impacting positively on the people of the state.


Alhaji Musa Maigari assured that, State House of Assembly would continue to support the executive for progress and development of the state.

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here