From:Femi Oyelola, Kaduna
Kaduna State Governor, Senator Uba Sani has presented the proposed 2024 “Budget of Rural Transformation for Inclusive Development” with a total budget size of N458,271,299,477.66 to Kaduna State House of Assembly.
N318,836,576,588.28 of the budget is voted for Capital Expenditure while N139,434,722,889.38 is recurrent expenditure, representing a capital-to-recurrent ratio of 69.57% to 30.43%
According to the Governor, the draft Budget prioritizes capital spending by the Sustain Agenda of his administration, which he said is not only aimed at delivering inclusive development through the provision of critical infrastructure, especially in rural communities but also at delivering social protection and human capital development to reinvigorate the productivity of our people, create jobs and boost the economy.
“To this end, we propose to spend N115,421,129,011.16 or 25.19% on Education, N71,647,821,975.33 or 15.63% on Health, and the sum of N93,597,652,206.40 which is one-fifth of the budget or 20.42% is allocated to the Economic sector, including Agriculture, Public Works and Infrastructure, and Housing”.
The Recurrent Expenditure Estimates, Personnel Cost N74,967,939,528.47, Overhead Cost, N39,066783,360.91, Public Debt Charges, N25,400,000,000.00 amounting to N139,434,722,889.38 as recurrent expenditure with NET recurrent revenue at N85,906,533,753.71.
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