Katsina debt servicing to gulp N20.4bn next year 

Katsina State Government said it plans to expend N20.4 billion for debt servicing in the 2025 fiscal year.

The Katsina State Budget and Economic Planning Commissioner, Bello Kagara, stated this on Tuesday while giving a recurrent expenditure breakdown of next year’s budget estimate.

Kagara said the state government expended about N19 billion to service debts in the previous year.

The commissioner said the debt being paid by the government was inherited from previous ones which dates back to more than five years.

He said personnel costs including salary payment for workers captured in the proposed budget, are expected to gulp more than N51.6 billion.

He added that N15.4billion has been budgeted for payment of pensions and gratuity for retired civil servants under the state government workforce.

He said the total recurrent expenditure for next year stands at N158 billion, with N70.4 billion expected to be expended on non-identified expenditure.

The state governor, Dr Dikko Radda, presented a budget estimate of N682 billion to the state House of Assembly on Monday.

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The budget was tagged ‘Building your Future ll’.