Breaking: Governor Masari present N249bn budget for 2020
The Executive Governor of Katsina State, Rt. Hon. Aminu Bello Masari has presented N249,463,829,250.00 as the State’s 2020 budget to the Katsina State House of Assembly.
The 2020 Budget is tagged “The Budget of Reflection and Progress” and is designed to continue with the Restoration Agenda, programmes and policies of the present administration.
“Mr. Speaker, Honourable Members of the State House of Assembly, distinguished invited guests, members of the press, ladies and gentlemen, the total budget for the 2020 fiscal year is in the sum of N249,463,829,250.00 with 69.70% Capital Expenditure and 30.30% Recurrent Expenditure. In aggregate terms, the 2020 Budget is higher than that of 2019 by N48,721,868,505.00.
“The 2020 Budget is structured with a total recurrent expenditure of N75,579,865,990.00 which is equivalent to 30.30% of the total budget and capital expenditure of N173,883,963,260.00 which is 69.70% of the total budget”, the Governor said.