Yahaya presents N119b 2021 budget to Gombe Assembly
Governor Inuwa Yahaya, yesterday, presented N119 billion as 2021 budget to Gombe State House of Assembly.
The proposal was N11 billion lower than the N130 billion “Budget of Change” for 2020.
Christened “Budget of Resilience,” Yahaya told the legislators that the N130, 828,737,593.40 estimates comprise N59.781 billion recurrent expenditure and N71.046 billion capital vote.
According to the governor, the budget is to be financed by recurrent revenue of N83 billion and capital receipts of N74.5 billion, with a positive closing balance of N5.4 billion.
He regretted that, “barely three months into the implementation of the 2020 budget, the COVID-19 pandemic took its toll on economies worldwide for which Nigeria and Gombe State were not exception. This necessitated the review of the 2020 budget size to N107.609 billion with N50.7 billion as the revised recurrent budget and N57 billion for the capital budget.”
“Our expected revised recurrent revenue was N61 billion and expected capital receipts of N58 billion, with a revised positive closing balance of N1.2 billion,” he added.
On sectoral allocation, Yahaya said N2.5 billion is earmarked for the agriculture and livestock sub-sector.
He said road projects would gulp N13 billion in the next fiscal year, adding that N4 billion was for investment in the housing and urban development sub-sector.
The document also showed that N4.9 billion had been allocated to water resources.
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