Just like his counterparts in Kogi and Imo State, the Executive Governor of Gombe State, Ibrahim Dankwambo has presented his budget proposal of seventy six billion, five million Naira (N76.5 bn) for the 2016 fiscal year to the Gombe state House of Assembly for approval.
Governor presents Gombe state's 2016 budget
The budget, tagged the “Budget of Consistency and Transformation” is lesser when compared to the sum of almost ninety billion naira (N88.9 bn) budgeted for 2015.
According to reports by AN), The budget, tagged the “Budget of Consistency and Transformation” is lesser when compared to the sum of almost ninety billion naira (N88.9 bn) budgeted for 2015.
Capital expenditure totals thirty-four billion, four million naira, (N34.4bn) while Recurrent Expenditure gulps forty-two billion, five million naira (N42.5 bn)
Speaking on the budget, Governor Ibrahim remarked that “We are mindful of the challenges of fulfilling the aspiration of Gombe State people.
“In addressing these challenges, we devised sources of raising funds, using the capital market and leveraged funds of longer tenor and fixed cost to finance infrastructure development.
“This made it necessary to review and prioritise our revenue and public expenditure framework as well as practice of public financial and fiscal management.
“We empowered our budget and Debt Management Office at the state level to achieve realistic budgeting system and public debt management strategy."
As regards allocation, the economic sector has sixty point six per cent (60.6%), law and justice has two per cent (2%), social sector has thirty two point seven per cent (32.7) and general administration, four point four per cent (4.4%).
Twenty million naira (N20m) was allocated to Local Government and community Development, while over one billion naira (N1.522 bn) was allocated to general administration.
Furthermore, the Gombe State Governor urged relevant agencies to ensure discipline in the use of resources entrusted to them.
The budget which was presented to the Gombe State House of Assembly, presided over by the Speaker of the house, Alhaji Nasiru Abubakar Nono, ascribes the largest share to the Educational sector with a whooping sum of six billion, two hundred million naira (N6.200bn)
The Governor added that the Budget Office and Ministry of Finance would guide the implementation of the budget.
JOIN OUR PULSE COMMUNITY!
Eyewitness? Submit your stories now via social or: