Kaduna State Governor, Uba Sani, on Monday, presented the budget proposal for the year 2024, totaling N458 billion, to the State House of Assembly for approval.
Sani disclosed that the budget, named ‘Budget of Rural Transformation for Inclusive Development,’ comprises a capital budget of N318.8 billion and recurrent expenditure of N139.4 billion, reflecting a capital to recurrent ratio of 69.57 percent to 30.43 percent.
Emphasizing the allocation, he highlighted that education commands the largest portion with N115.4 billion, constituting 25.19 percent of the budget, while the health sector is allocated N71.6 billion, accounting for 15.63 percent.
During the budget presentation to the legislators, the governor reiterated that the proposed budget prioritizes capital spending in line with the Sustain Agenda of his administration.
He said, “To this end, we propose to spend N115.4bn or 25.19 per cent on education, N71.6bn or 15.63 per cent on health, and the sum of N93.5bn which is one-fifth of the budget or 20.42 per cent is allocated to the economic sector, including agriculture, public works and infrastructure, and housing.”
“The recurrent expenditure estimates, personnel cost N74.9bn; overhead cost, N39bn; public debt charges, N25bn amounting to N139bn as a recurrent expenditure with NET recurrent revenue at N85.9bn.
“Transfer to capital budget recurrent revenue stands at N225.3bn and less recurrent expenditure N139bn while recurrent budget surplus amounts to
N85.9bn.”
“The total capital Budget amounts to N318.8bn with agriculture having N22.5bn; business, innovation and technology N1,247,820,401.08, housing and urban development N7,944,705,910.23; public works and infrastructure N57,131,513,937.34 having total for sub-sector: Economic standing at N88,873,910,283.75.”
Responding to this, the Acting Speaker, Henry Danjuma-Magaji, assured that the House would thoroughly examine the budget, offering constructive insights to improve its effectiveness in positively influencing the lives and livelihoods of the state’s residents.