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Masari proposes N341b budget for 2022

By Danjuma Michael, Katsina
18 November 2021   |   2:58 am
Governor Aminu Masari of Katsina State has presented the N341 billion budget for 2022 to the House of Assembly for consideration.

[FILE PHOTO] Kastina Governor, Aminu Masari Bello

Governor Aminu Masari of Katsina State has presented the N341 billion budget for 2022 to the House of Assembly for consideration.

The estimate, tagged Budget of Economic Resilience, is N54 billion higher than that of 2021, which stood at N287 billion.

Presenting the bill before the Assembly yesterday, Masari said the budget was designed to complete ongoing projects and initiate new ones that could be completed within the lifespan of his administration.

According to Masari, capital expenditure will gulp N238.1 billion (69.85 per cent) of the estimate, while recurrent expenditure will take N102.8 billion (30.15 per cent).

To finance the budget, Internally Generated Revenue (IGR) is expected to contribute N61.6 billion, while N101 billion is expected from the federation account.