Wednesday, 30 December 2015

Borno state Governor presents N155bn budget for 2016

Borno State Governor Kashim Shettima today presented the 2016 budget, with capital expenditures accounting for 70% of the total budget for the 2016 fiscal year. Shettima made this known during his budget presentation at the Borno State House of Assembly in Maiduguri.

Tagged, "Budget for Reconstruction, Rehabilitation and Resettlement” Governor Shettima announced the sum of N155 billion for both capital and recurrent and expenditures out of which capital projects are allocated N103 billion representing more than 70% of the total budget while recurrent gets N51 billion representing about 30%.

 "Both expenditures are expected to be financed from a recurrent revenue of N155 billion comprising Federation Account Allocation and Internally Generated Revenue of N29 billion," Shettima said.

Breakdown of the budget below;

Education - N27b
Reconstruction, Rehabilitation and Resettlement- N10b
Agriculture- N8b
Works and transport-  N16b
 Healthcare - N10b.

Trade and investment, poverty alleviation and women empowerment -About N24 billion, etc

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