El-Rufai presents N233bn for 2022 budget



El-Rufai presents N233bn for 2022 budget

By Hussaina Yakubu

Governor Nasir El-Rufai of Kaduna State on Tuesday presented a draft budget of 233 billion naira for 2022 in the State Assembly House.

El-Rufai said the state expects internally generated revenue (IGR) of 67.26 billion naira and 24.9 billion naira in value added tax (VAT) which will be used to finance partly the budget.

He indicated that the budget has capital expenditure of N146 billion and recurrent expenditure of N87.6 billion.

The governor said the government expected N54.19 billion from the Federation account and N500 million from the COVID-19 response.

He added that the government would borrow 19.8 billion naira from local and external sources, raise 34.08 billion naira from grants and 500 million naira from the sale of government assets, among others.

Giving a sectoral breakdown of the budget, El-Rufai said agriculture received 1.79 billion naira; Business, innovation and technology 3.72 billion naira; Housing and urban development 9.34 billion naira, public works and infrastructure 36.97 billion naira.

In addition, education received the highest vote of 44.68 billion naira; Health 22.76 billion naira and social development 690.52 million naira.

He said the government had earmarked 2.98 billion naira for the environment and natural resources; 4.99 billion naira for water and 18.13 billion naira for general administration.

He explained that the budget has a capital / recurring ratio of 63-37 percent.

Source: NAN

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