Just In: Katsina State gov’t slashes 2020 budget by over N25bn
A meeting of Katsina State Executive Council presided over by Governor Aminu Bello Masari has ended in Katsina.
At the end of the meeting, the state commissioner of Budget and Economic Planning, Alhaji Faruk Lawal Jobe and his colleague from the health ministry, Engineer Nuhu Yakubu Danja briefed newsmen on the outcome of the meeting.
Alhaji Faruk Lawal Jobe told newsmen that the meeting considered and review the 2020 budget in line with the economic situation in not only katsina but globally.
He recalled that the federal government had reviewed it’s budget from oil bench mark of 57 dollars per barrel to 30 dollars per barrel.
In line with this development, Alhaji Lawal Jobe said 30 percent of the state budget had been slashed, adding that from a balance budget of over 240 billion Naira to over 215 billion Naira.
He said that the reviewed budget would be funded with small interest loan from Central Bank and sale of bonds.
The Budget and Economic Planning commissioner announced that the reviewed budget will be taken to the state house of assembly for consideration and passage.
He assured that the budget had been reviewed to accommodate the implementation of services as they affect infectious diseases.