Minna- Gov. Babangida Aliyu of Niger has forwarded a budget of N80.815 billion for 2015 to the State House of Assembly for consideration.
A statement by the Chief Press Secretary to the Governor, Mr Israel Ebije, said the capital expenditure was put at N38.5bn or 47.83 per cent and recurrent expenditure put at N42.6 or 52.17 per cent.
Tagged: “Budget of Shared Vision and Unlimited Opportunities”, the statement said it was a realistic budget based on current oil prices.
The statement added that the expenditure proposal was N18 billion less than that of 2014 and that 50 per cent increase had been projected as Internally Generated Revenue.
It stressed that the 2015 estimate was in line with the state’s Revised Medium Term Fiscal Framework (MTFF) recently adopted by the House of Assembly.
“The proposed increase in recurrent over capital expenditure is due to the fact that recurrent items are held as first line charges which the state cannot compromise in ensuring the welfare of our people.
“Thus in the face of current limitation of funds, after settling personnel emoluments and related overheads, the state has prioritised completion of ongoing projects during the first five months of 2015.
“This is in a bid to ensure that notwithstanding the continuous nature of governance, the current administration would have by the end of May 2015, done its utmost to complete ongoing projects”, it added. (NAN)