NEWSPOLITICS

Masari sobs when the 2023 budget is presented.

Masari sobs when the 2023 budget is presented.

Aminu Masari, the governor of Katsina State, sobbed as he delivered the final budget of his administration to the state House of Assembly on Tuesday. According to the News Agency of Nigeria, the state’s proposed budget for the 2023 fiscal year totals more than N288.63 billion.
The “Budget of Transition” proposal set aside 63.77% for capital expenses and 36.23% for ongoing services.
In total, the 2023 budget is N34,662,962,998.00 less than the 2022 revised budget, according to Masari.

 

The 2023 budget is set up with recurrent expenses of N104,580,485,996.28, or 36.23 percent of the whole budget.

“And N184,052,771,966.72 in capital expenditures, or 63.77 percent of the overall budget.”

According to him, the N12.06 billion opening balance, N62.59 billion in internally generated revenue, and over N119 billion anticipated from the Federation Account would all be used to finance the budget.

“It is significant to note that the recurrent revenue for 2023 has increased by 7.33 percent compared to the revised budget for 2022.

The governor added, “And the capital spending in the 2023 budget has fallen by 20.92% due to a decline in capital receipts.”
The capital estimates, according to him, would finance projects included in the government restoration plan to the tune of N138.163 billion.

The strategy, according to the governor, is focused on the areas of transportation, housing, water resources, agriculture, and the sectors of education and health.

“As a result, the 2023 budget has allocated sufficient funding in the following ways to the state government’s (Capital) priority sectors:

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Masari listed the following expenditures: “Environment N31,748,186,500.00, Water Resources N29,207,394,335.00, Health N23,974,614,962.00, Works N20,995,858,882.00, Education N18,632,987,897.00, and Agriculture N13,604,292,049.00.”

Other MDAs were given N45.88 billion, he claimed.

The governor was of the opinion that his government had improved the standard of living for the populace “within the confines of the resources at its disposal.”

“I am confident that future generations will evaluate our administration based on the significant projects, programs, and policies it undertook while serving as the government of Katsina state.”

Tasiu Maigari, the assembly’s speaker, promised that the parliament will expedite the budget’s adoption.

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