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Details: Governor Masari presents N211.49bn as 2018 budget

Details: Governor Masari presents N211.49bn as 2018 budget

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Katsina State Governor Aminu Masari has presented a budget of 211.49 billion Naira to the state House of Assembly.

He called it the budget of actualisation. The proposal has three-quarters of the total budget allocated to capital spending.

Education which is one of the six priority areas, was allocated 20 percent of thebudget.

Other priority areas are agriculture, water resources, roads, and health.The proposal is 71 billion naira more than the 2017 budget.

Below is the summary of the Capital Expenditure:

The sum of N160,087,369,485.00 which is 75.7% of the total Budget is estimated for the capital expenditure with the following Sectoral Allocation:

Economic Sector = N42,850,309,852.00 = 26.8%

Social Sector = N47,177,920,958.00 = 29.5%

Regional Dev. = N52,147,554,470.00 = 32.4%

Administration = N6,837,544,000.00 = 4.3%

Judiciary = N691,250,000.00 = 0.4%

Legislature  = N302,778,000.00 = 0.2%

Contingency  = N2,680,000,000.00 = 1.9%

Debt Servicing  = N7,340,012,205.00 = 4.6%

Total  = N160,087,369,485.00= 100%

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