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The Katsina State government has budgeted N99.9
billion for its services in the 2011 fiscal year. The budget, tagged
“Budget of Fulfilment,” is higher than that of 2010 by N7.3 billion.

Presenting the budget estimate to the state House
of Assembly in Katsina on Thursday, state Governor,

The Katsina State government has budgeted N99.9
billion for its services in the 2011 fiscal year. The budget, tagged
“Budget of Fulfilment,” is higher than that of 2010 by N7.3 billion.

Presenting the budget estimate to the state House
of Assembly in Katsina on Thursday, state Governor, Ibrahim Shema said
the money will be sourced from the N52 billion Federal Revenue
Allocation and VAT of N5 billion. Other sources are N6 billion Special
Funds, N12.7 billion internally generated revenue, Capital Receipts of
N4.2 billion and the opening balance of N20 billion.

Mr Shema said N68.1 billion (68 per cent) of the
estimate was earmarked for capital projects, while N31.7 billion (32
per cent) was set aside for recurrent expenditure. He also said the
increase in the 2011 budget by N7.3 billion was based on realistic
computation of government’s revenue profiles, both statutory and
internal, as well as other expectations.

Describing the estimates as a “balanced budget,”
Mr Shema said the government will in 2011 complete all ongoing projects
and embark on new ones. He commended members of the state Assembly for
their cooperation and understanding, which he said had assisted
government in the implementation of the 2010 budget, and urged them to
maintain the tempo.

The Speaker of the Katsina State House of
Assembly, Ya’u Gwajogwajo, promised that the House will give the
proposal speedy deliberations and passage.

said
the money will be sourced from the N52 billion Federal Revenue
Allocation and VAT of N5 billion. Other sources are N6 billion Special
Funds, N12.7 billion internally generated revenue, Capital Receipts of
N4.2 billion and the opening balance of N20 billion.

Mr Shema said N68.1 billion (68 per cent) of the
estimate was earmarked for capital projects, while N31.7 billion (32
per cent) was set aside for recurrent expenditure. He also said the
increase in the 2011 budget by N7.3 billion was based on realistic
computation of government’s revenue profiles, both statutory and
internal, as well as other expectations.

Describing the estimates as a “balanced budget,”
Mr Shema said the government will in 2011 complete all ongoing projects
and embark on new ones. He commended members of the state Assembly for
their cooperation and understanding, which he said had assisted
government in the implementation of the 2010 budget, and urged them to
maintain the tempo.

The Speaker of the Katsina State House of
Assembly, Ya’u Gwajogwajo, promised that the House will give the
proposal speedy deliberations and passage.