BAUCHI State Government has proposed the sum of N168 billion as its 2018 budget. The budget is projected on Recurrent Revenue Estimates of the sum of 115 billion Naira, made up of: 14 billion Naira as Internally Generated Revenue and 105 billion Naira from Statutory Allocation, while 69 billion naira is earmarked for Recurrent Expenditure. Governor Abubakar said N54 billion Naira is projected as Capital Receipts, comprising 315 million Naira as Opening balance, 15.2 billion Naira as Internal Loans 13.2 billion Naira External Loans, 11.2 billion Naira as Aids and Grants and 13.3 billion naira as Other Capital Receipts. The capital expenditure, according to the governor, are 7.3 billion naira for the administrative sector, 52 billion Naira for economic sector, 1.7 billion Naira for law and justice administration, 3.5 billion naira for the regional sector and 35.3 billion naira for the social sector. This figure was considered abnormal as two years of the administration could not account for the difference of about 2 billion naira.

Source: Nigerian Tribune December 29, 2017 23:03 UTC