Governor Abdullahi Ganduje of Kano State has presented before the state House of Assembly N197,683, 353, 659 billion budget proposal for the year 2020, tagged ‘Budget of Sustainable Social Development’.

Mr Ganduje, however, stated that the 2020 budget proposal is a bit lower that that of the 2019, representing 12 percent decrease.

He said:  “The proposed capital expenditure for the 2020 fiscal year is N117,710,626,881, which is lower than that of 2019 by N16,209,513,632 representing 12% decrease and it is to be financed by N63,972,273,222expected Recurrent Revenue surplus and total capital receipts of N53,783,353,659.

“The Capital Receipt is made up of estimated Grants and aidsofN25,989,884,251, expected Internal and External loans drawdown is N23,112,500,000, estimated Miscellaneous receipts of N4,446,269,408 and Treasury opening balance of N234,700,000.

“The total projected Recurrent Revenue for the year 2020 is estimated at the sum of N143,900,000,000 which consist of N40,000,000,000as Internally Generated Revenue (IGR) and N76,000,000,000 as revenue from the Federation Account.

“The total recurrent revenue is lower than that of the year 2019 by N14,762,668,707 representing 9% decrease. It is important to note that the projected Internally Generated Revenue (IGR) is lower than that of the year 2019 by N6,901,030,760 representing 15% decrease,” the governor added.

Mr Ganduje also disclosed that the Ministry of Education would receive the lion share of N49. 9 billion, representing 25. 23 percent to allow for critical projects such as the government’s free and compulsory education policy, Daily Nigerian reports.

This is followed by the Works and Infrastructure sector, N33. 8 billion, Governance and Service delivery, N33. 7 billion, Health N30. 7 billion, Water Resources, N15 billion and Judiciary, N7. 9 billion.

The Speaker of the Assembly, AbdulAziz Gafasa, assured the commitment of the House to work with the executive to ensure speedy passage of the bill into law