Gov. Zulum presents N134bn appropriation bill for 2020

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Gov. Zulum presents N134bn appropriation bill for 2020

Governor. Babagana Zulum of Borno on Monday presented an N134.5 billion appropriation bill for the year 2020 before the state House of Assembly for consideration.

The bill tagged “Budget of Recovery and Stabilization” was less than the N144 billion budgeted for 2019, representing about 7.5 percent decrease.

Zulum disclosed that the bill consists of N67.54 billion recurrent expenditure, representing 50.37 percent and N66.96 billion capital expenditure, representing 49.7 percent of the total budget size.

He said that the budget would be funded through N14.2 billion revenue and N66.9 capital receipts, adding that N99.2 billion was for recurrent revenue and N31.69 billion capital receipts.

The governor explained that his administration had adopted the bottom-top approach to generate basic and fundamental inputs from the grassroots in the formulation and preparations of the budget.

Zulum noted that the idea was to consolidate the gains achieved in the 2019 budget, in tandem with the…

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