From Maduabuchi Nmeribeh, Kano
Kano state Governor, Dr. Abdullahi Umar Ganduje has concluded plans to present reviewed N138 billion 2020 budget to Kano state House of Assembly for deliberations.
The AUTHORITY recalls that a fortnight ago, Ganduje had announced his intention to cut down the original budget estimate by 30 per cent, following the effects of the COVID-19 pandemic on the economy.
The original budget as had approved by the state Assembly for 2020 fiscal year was put at over N200 Billion, before the advent of the dreaded COVID-19 pandemic.
The reviewed budget of N138,279,140,661k was presented to the state Executive Council meeting on Wednesday by the Commissioner of Planning and Budget, Nura Muhammad Dankadai.
The Council considered the reviewed budget and passed resolution for onward transmittion of the document to the State House of Assembly.
The reviewed budget of over N138 Billion has N78.8b for recurrent expenditure, which represents 57 percent and N54.9b for capital expenditure, which represents 43 percent.
Internally general revenue (IGR) stood at N46 Billion Naira in the original document, with N7.8 Billion as actual collection from January to March. While the IGR now stands at N24 Billion in the reviewed budget document. Which is lower by N22 Billion.
While the FAAC source for financing the budget, was N76 Billion in the original document and now becomes N52 Billion, which is lower by N24 Billion.
In the original document, overhead stood at N18.3 Billion as the amount and now reviewed to N16.6 Billion. The priority areas of the reviewed budget are education, health and infrastructure.