The Executive Governor of Bauchi State, Senator Bala Mohammed has recently, presented the 2024 proposed budget of #300,219.705,820 to the State House of Assembly for scrutiny.
This follows approval of the 2024 estimated budget by the State Executive Council during its extraordinary meeting held at Government House Bauchi recently.
According to the Governor, the state’s 2024 proposed budget is 48.2 percent higher than the 2023 budget due to the increased revenue arising from the subsidy removal and the upward inflationary trends associated with the depreciating state of the local currency.
The breakdown of the budget indicated that capital expenditure takes the highest share of about one hundred and eighty billion naira, while the sum of over one hundred and twenty-one billion naira is earmarked for recurrent expenditure.
Presenting the 2024 budget, “Tagged Budget of Consolidation and Renewed Hope” to the 10th Assembly, Governor Bala Mohammed, revealed that Infrastructure, health care services, education, agriculture, job creation, and human capital development are the priority areas.
He further explained that the budget is also expected to be funded by Federal Allocation, Internally Generated Revenue (IGR) as well as external and internal loans. The governor maintained that it would focus more on the completion of the ongoing projects as new ones may only be created where necessary.
Governor Bala solicited for the continuous support of the 10th Assembly towards formulation and implementation of policies and programmes aimed at improving the quality of lives of the citizens.
Speaking after receiving the budget, the new Speaker of the State Assembly, Babayo Mohammed Akuyam, commended the governor for his commitment to transform the state and assured him of speedy passage of the Appropriation Bill.