El-Rufai presents N233bn for 2022 budget

Gov. Nasir El-Rufai of Kaduna State on Tuesday presented N233 billion draft budget for 2022 to the State House of Assembly.
El-Rufai said the state expects an Internally Generated Revenue (IGR) of N67.26 billion and N24.9 billion Value Added Tax (VAT) which will be used to partly finance the budget.
He indicated that the budget has a capital expenditure of N146 billion and recurrent spending of N87.6 billion.
The governor said the governnent expected N54.19 billion from the Federation Account and N500 million for COVID-19 response.
He added that the government would borrow N19.8 billion from local and external sources, raise N34.08 billion from grants and N500 million from sale of government assets, among others.

Giving a sectoral breakdown of the budget, El-Rufai said agriculture was allocated N1.79 billion; Business, Innovation and Technology N3.72 billion; Housing and Urban Development N9.34 billion, Public Works and Infrastructure N36.97 billion.

Also, Education was allocated the highest vote of N44.68 billion; Health N22.76 billion and Social Development N690.52 million.

He said that the government had earmarked N2.98 billion to Environment and Natural Resources; N4.99 billion for Water, and N18.13 billion for general administration.

He explained that the budget has a capital to recurrent ratio of 63-37 percent.(NAN)