Gombe Proposes N116B for 2021 budget
Christopher Joshua, Gombe
Gombe state government is proposing N116 billion for the 2021 budget.
Briefing newsmen on Tuesday, after an Executive council meeting presided by Governor Inuwa Yahaya, at the government house, the Finance Commissioner, Muhammad Magaji said N168 million is budgeted for statutory office holders in the state.
According to Magaji, “All the people from all walks of life contributed; trade unions, youth, women groups and various associations attended the stakeholders engagement. Part of this culminated in the document we submitted to the Exco for consideration and it has been approved.
“2021 proposed budget has a size of N116 billion, out of which N58 billion is for capital N57 billion for recurrent expenditure, 49% recurrent expenditure, 51% capital expenditure.
“The sectoral distribution is as follows with proposed budget of N3.1 billion, N34billion economic sector, law and justice N1.3 billion, social sector N58 billion, 58.7 billion for capital expenditure. For recurrent expenditure cost at N22 billion, over head cost at N15 billion, pension and gratuity at N4 billion, statutory office holders salaries 168 million, public debt charges at 14 billion.”
He added that the 2021 budget is 7.5% higher than the revised 2020 budget, stressing that the Medium term framework has been submitted and physical strategy paper to the house of Assembly.
“The revised covid budget which stood at N107billion. The budget deficit for 2021 is N5 billion, 4% of the budget size. We will be financing through internal and external borrowings, external borrowing is at 3%, while our internal borrowing will be at N4 billion, total borrowing is about N7 billion for 2021 budget,” he said.
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