Kano governor presents N233bn 2018 budget

Kano State Governor, Dr. Abdullahi Ganduje, on Thursday presented the 2018 budget proposal of N233, 828,850,598 to the state House of Assembly.

The governor said the sum of N151, 902,238, 95 is earmarked for capital expenditure, while N81, 926,412,503 has been allocated for recurrent expenditure.

Tagged the “Budget of Reality,” Ganduje said the proposed 2018 Appropriation Bill would be financed through a total recurrent revenue estimated at N147, 657,319,982.

This consists of N53, 777,623,108 as Internally Generated Revenue (IGR), including revenue from the federation account put at N93, 879,696,874.

He said the total recurrent expenditure of 2018 is higher than that of 2017 by N732, 263, 56.

The projected IGR for 2018 is also higher than that of 2017 by N4, 542,671.77, representing 9.2 percent.

He said: “The proposed capital expenditure which stood at N151,902,438.95, which is higher than that of 2017 by N13,427,218,519 will be financed by N65,730,907,479 expected recurrent revenue surplus and total capital receipt of N86,171,503,616 while capital receipt is made up of N28,947,500,000 as expected international and external loan.”

He said N27, 535,583,958 is an estimated grant, while N27, 334,328,440 is expected as miscellaneous and treasury balance of N353, 119.

Ganduje said all the inherited projects from the previous administration had already been captured for completion in the appropriation while the newly initiated ones are on course.

 

 

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