Governor Masari Proposes N200bn Budget for 2019
Governor Aminu Bello Masari of Katsina State on Monday presented a budget proposal of N200,741,960,745.00 for 2019 to the state House of Assembly.
The governor, while presenting the budget before the Assembly during Monday’s plenary, said the 2019 budget proposal is lower than that of 2018 by N12,894,812,633.00.
Speaking on the budget, which he tagged “Budget of Stabilisation”, the governor said environment has taken the lion share with N24 billion, followed by health and road getting N20 billion each, while water resource will take N12 billion.
According to him, “The 2019 Budget is designed to stabilise restoration plans, programmes and policies of the present administration. The total budget for the 2019 fiscal year is the sum of N200,741,960, 745.00 billion with 73.7% capital expenditure and 26.3% recurrent expenditure.
“The 2018 Budget is structured with a total recurrent expenditure of N52,741,287,930.00, which is equivalent to 26.3% of the total budget and capital expenditure of N148,000,672,815.00 which is 73.7% of the total budget.”