Ganduje presents N196bn appropriation bill for 2022

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Ganduje presents N196bn appropriation bill for 2022

Ganduje presents N196bn appropriation bill for 2022

Story from Shafa’atu DAUDA, Kano

Governor Abdullahi Umar Ganduje on Thursday presented over N196bn for 2022 proposed appropriation to Kano state house of assembly.

Neptune prime reports that the 2022 proposed appropriation is slightly lower than 2021 approved budget of over N197bn, which implementation still stood at about 60 per cent.

READ ALSO: 2021 Supplementary Budget: Nasarawa Assembly passes N5.98 billion into law

Tagged Budget of prosperity and consolidation, Ganduje said that out of the total size of the proposed budget, over N107bn representing 55 per cent stands for capital expenditure while 45 per cent of the financial document representing over N88bn is set aside for recurrent expenditure.

In the sectoral allocation, Education, Works and Infrastructure and Health took the lion share of the proposed budget.

Education has more than 26 per cent of the total budget, which is N51.6 Billion. From there the sum of N3.4 Billion will be used for boarding schools feeding and N2.2 Billion for capital projects and programs in tertiary institutions

The sum of N33.8 billion is earmarked for the development and construction of underpass, flyovers, bridges and various roads construction.

According to the governor the budget seeks to further consolidate the state government policies that are being implemented in directing resources and efforts towards stimulating the state economic growth and expansion as well as improving the wellbeing of the citizens.

Explaining further that “the process of formulating the 2022 Budget was informed by the compelling need to continue consolidating the fiscal position in safeguarding the allocations on Education sector especially Girl Education, Health, Infrastructure, Social Protection, Nutrition issues and security among other core service delivery areas.”

On recurrent revenue, he hinted that “the total Recurrent Revenue to be collected for the 2022 fiscal year is estimated to the tune of N146, 844,501,343.00 which consists of N 33,862,079,343.00 as Internally Generated Revenue (IGR) and N 68,299,480,000.00 as Revenue from the Statutory Allocation.

Value Added Tax (VAT) N37,556,575,000.00 as well as other receipts of N7,126,367,000.00 The total recurrent revenue is higher than that of the year 2021 by N39,006,141,043.22 representing 26.56% increase.”

“The Capital Receipts component of financing the 2022 budget consists of Grants general stood at N 11,717,616,875.00. the loan is estimated to be N22,368,333,461.00 while other Capital receipts for the year 2022 is N15,423,016,826.10.

Therefore, the total expected capital receipt for the year 2022 is 49,508,967,162.10 which is lower than 2021 by N40,589,403,078.17 representing a 45.05% decrease.”

Part of the recurrent expenditure according to him reveals that “the sum of N 61,993,825,929.78 is dedicated for the payment of Monthly Salaries and Allowances to the Civil servants, Political office holders, State House of Assembly, judiciary and Office of the Auditor-General both state and Local Government in the state.

While the sum of N26, 479,788,787.25 is earmarked to cater for the payment of running costs to State MDAs as Overhead costs.

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