Politics
2024 Budget Breakdown: Katsina Government Plans N56.5 Billion For Personnel And Pension Expenditure
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The Katsina State government is set to allocate a total of N56,469,900,378.70 for personnel costs, pension, and gratuity in the 2024 budget…CONTINUE READING
This information was disclosed by Bello Kagara, the Commissioner for Budget and Planning, during the presentation of the budget breakdown at the Old Government House in Katsina.
The overall proposed budget is N454,308,862,113.96, with a significant emphasis on capital expenditure at 72.63% and recurrent expenditure at 27.37%.
Kagara noted that the 2024 budget surpasses that of 2023 by N153,675,604,150.96, marking a substantial increase of 51.11%.
The capital expenditure amounts to N329,979,518,595.97, while the recurrent expenditure is N124,329,343,517.99.
The recurrent expenditure is further detailed, encompassing N56,469,900,378.70 for personnel costs, including salary and pension, and N67,859,443,139.29 for other recurrent expenses such as debt servicing, self-sustained projects, revenue, and overhead costs.
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