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Katsina to source N33 billion for 2020 budget

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[FILE PHOTO] Kastina Governor, Aminu Masari Bello

More than N33.4 billion is to be sourced for by the Katsina State Government from local and international organisations, to shore up capital for the successful implementation of its 2020 budget.

Some of these organisations include the Nigeria Erosion and Watershed Management Agency (NEWMAP), Islamic Development Bank (IDB), and International Fund for Agricultural Development (IFAD).

In addition, the state government is to expend a total of N7.59billion next year, to service external and internal debt.

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The State Commissioner for Budget and Economic Planning, Faruk Lawal, disclosed this yesterday while giving a breakdown of the 2020 budget.

Governor Aminu Masari had on Wednesday, presented an Appropriation Bill of N249.4billion to the State House of Assembly.

Lawal said the state’s projected revenue is to come from four sources, including N185.3billion Recurrent Revenue, N25.6billion Capital Receipt, N33.4billion Loans, and N5billion expected closing bank balance.

On the other hand, he said N127.8billion is to be expended on key sectors, including N30.1bn on Environment, N24.5billion on Education, N23billion on Health, N23.4billion on Works, especially road construction; N13.6billion on Water Resources, and N13.1billion on Agriculture.

He said Environment took the biggest allocation because much of the resources to be used would come from donor and other related agencies.

The Commissioner said the six sectors were selected and would be given due attention next year, in line with the Restoration Agenda of the All Progressive Congress-led (APC) government.

Lawal added that N7.5billion is being proposed for debt servicing, while N1.5billion would be set aside for contingency purposes.

He said the economic sector as a whole would get N49.5billion, Social sector N49.6billion, Regional sector N57.8billion, Administrative sector N6.2billion, Judiciary N936million, and Legislative sector to get N500million.

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