Governor Mai Mala Buni of Yobe on Tuesday presented a N217 billion Finance and Appropriation Bill for the 2014 fiscal year to the State House of Assembly.
Speaking at the occasion, Mr Buni said under the budget tagged: “Budget of Consolidation and Economic Recovery“, key sectors and programmes that have direct impact on the lives of the citizens would be prioritised.
He said N122.8 billion, representing 56.61 per cent would be allocated to capital expenditure, while N94.2 billion, representing 43.39 per cent was proposed for recurrent expenditure.
Reviewing the N163 billion 2023 budget, the governor said the total receipts of the state from January to September, 2023, stood at N113.1 billion, representing 69.4 per cent.
Mr Buni said, “Out of the sum of N94.89 billion earmarked for recurrent expenditure in the 2023 Budget, the actual amount expended was N65.9 billion, representing 69.6 per cent success.
“The sum of N68.1 billion was allocated for capital expenditure, however, the sum of N28.9 billion was spent indicating 42.4 per cent success.
“The overall performance of the 2023 budget for both recurrent and capital expenditure was N94.9 billion indicating 58.2 per cent success as of 30th September 2023.
“The total receipts and expenditure are expected to increase before the end of the year.”
The Speaker, Ciroma Mashio, assured Mr Buni that the budget would be passed before December 31, 2023.
NAN
