Francis Sardauna in Katsina
The Katsina State Government has set aside the sum of N17,912,231,618.30 for pension and gratuity in the state’s proposed 2024 budget.
The Katsina State Commissioner for Budget and Economic Planning, Mr. Bello Kagara, unveiled this to journalists when he presented the state’s proposed 2024 budget breakdown at the Old Government House.
A fortnight ago, Governor Dikko Umaru Radda presented the state’s 2024 budget proposal of N454,308,862,113.96 christened “Building Your Future I” to the Katsina State House of Assembly for scrutiny and consideration.
Kagara explained that the pension and gratuity of the state’s senior citizens would gulped N17,912,231,618.30, while N38,557,668,760.40 was proposed for personnel cost and salaries payment, totaling N56,469,900,378.70.
He said that 72.63 per cent of the 2024 budget estimate is set aside for capital expenditure while 27.37 per cent would be spent on recurrent expenditure.
He said: “The proposed 2024 budget comprised recurrent expenditure of N124,329,900,378.70 broken down as follows: personnel cost/ Crf salaries, N38,557,668,760.40; pension and gratuity, N17,912,231,618.30, totaling N56,469,900,378.70.
“Other recurrent expenditure: debt servicing, self-sustained, revenue and overhead cost is N67, 859,443,139.29, totaling to N124,329,343,517.99. While capital expenditure is to the tune of N329,979,518,595.97.”
