Kano – Kano State House of Assembly on Wednesday approved the transfer of N21 billion in the 2015 budget of the state to fund more critical sectors.
The approval a letter to the House in which Gov. Abdullahi Ganduje sought to step down some projects earlier captured in the approved and to transfer monies earmarked to the critical sectors.
The Speaker, Alhaji Kabir Rurum while reading the letter said the proposed budget review of over N21 billion was to be sourced from the existing budget of over N210b.
According to him, over N18 billion would be allocated to capital expenditure and N3 billion for recurrent expenditure.
Rurum said: “according to the letter, the review is necessary in order to make comprehensive fiscal arrangements to enable the introduction of strategic interventions to facilitate rapid socio-economic growth in the state.
“Apart from new projects and programmes, the restoration of vital social services such as healthcare, water and electricity supply became necessary to ensure that the impact of the new government is felt in the state.”
According to him, the identified policies and projects were designed to create a path in achieving the government’s aspiration of becoming one of the best performing states in the country.
He added: ” the review becomes inevitable and mainly predicted to address the present economic realities in the country.”
“The review is also to formalize some expenditures incurred, absorb other commitments and to appropriate stabilization fund provision.
“In order to focus the 2015 budget to achieve the desired impact, it becomes necessary to generate savings quoted from the existing recurrent provisions and capital projects allocation to fund the areas considered to be of higher concern,” he said.
According to Rurum, the governor said in the letter that some budgetary provisions especially in the recurrent capital estimates would be stepped down inorder to raise sufficient savings to address new priorities. (NAN)