Governor Muhammad Badaru Abubakar of Jigawa state Wednesday presented a budget of N157.54billion for the state’s 2019 fiscal year to the State House of Assembly for scrutiny and passage into law.
Governor Abubakar who tagged the appropriation bill as “Budget for Sustained Economic Growth and Social Transformation II,” said “it is 14 per cent above the amount appropriated in 2018 budget.”
He told members of the House that “in line with the focus and contents of our medium term expenditure framework and policy thrust of the 2018 budget, I present to you highlights of the 2019 proposed budget.”
He told the House that the proposed budget has passed through a number of stages including the conduct of sector strategy sessions attended by key stakeholders as well as a town hall meeting conducted with civil society groups.
“Based on the consolidated position of the revenue and expenditure estimates, the 2019 Appropriation Bill is proposing N157.54 billion, which is 14per cent above the 2018 budget.”
The governor explained that the breakdown of major incomes with which to finance the budget include Internally Generated Revenue, N13.750billion, Statutory Allocation and Value Added Tax, N71.2billion.
It also includes Local Government Contributions for Primary Education Personnel and Primary Healthcare Staff, N22.7billion.
According to him, the capital receipt includes transfer from general reserves of N15.5billion grant and reimbursement and other capital receipt N29.7bn with internal and external loans of N4.5billion.
“Taking into account, the sums of N2.1billion earmarked for Stabilisation and Contingency Funds, the total retained revenue allocated to the various expenditure components of the Budget is N83.5 billion.
The components include “Recurrent Expenditures consisting of Personnel Costs, Overheads, Consolidated Revenue Fund Charges and other recurrent expenses relating to service delivery are earmarked the sum of N65.535 billion.
Responding, the Speaker of the Assembly, Hon. Isa Idris, commended the governor for presenting the budget on time, pointing out that it would give the House an ample time to scrutinise it.
Idris promised to ensure speedy passage of the bill in line with the procedure and provisions of the House standing rules.