Governor Ibrahim Dankwambo of Gombe State on Tuesday presented a budget proposal of N76.5 billion at the Gombe State House of Assembly for approval.
The budget, tagged “Budget of Consistency and Transformation,’’ was made up of N42.5 billion recurrent expenditure and N34.4 billion for capital projects.
According to Dankwambo, from the capital expenditure allocation, the economic sector has 60.6 percent; social sector has 32.7 percent; the regional development has 0.06 percent, and the general administration takes 4.4 percent, while law and justice, 2 percent.
Dankwambo said the relevant agencies must ensure discipline in the use of resources entrusted to them, saying the budget office and ministry of finance would guide the implementation of the budget.
“We are mindful of the challenges of fulfilling the aspiration of Gombe State people. In addressing these challenges, we devised sources of raising funds, using the capital market and leveraged funds of longer tenor and fixed cost to finance infrastructure development.
“This made it necessary to review and prioritise our revenue and public expenditure framework as well as practice of public financial and fiscal management.
“We empowered our budget and Debt Management Office at the state level to achieve realistic budgeting system and public debt management strategy,” he said.
The News Agency of Nigeria reports that the 2015 budget was N88.9 billion against the 2016 budget of N76. 5 billion.
