 |
| Gombe State Governor, Muhammadu Yahaya |
Gombe State Governor, Muhammadu Yahaya, on Tuesday presented a proposed budget of N320.11bn for the 2025 fiscal year to the state House of Assembly, with a focus on capital expenditure.
The budget tagged “Budget of Transformation and Resilience,” allocates N111.09bn (34.7%) to recurrent expenditure and N209.02bn (65.3%) to capital expenditure.
In his address, Yahaya said, “In our efforts to address the developmental aspirations of the people of Gombe State in the 2025 fiscal year, I hereby present a proposed budget of N320.11bn. Out of this, N111.09bn is allocated for recurrent expenditure, while N209.02bn is earmarked for capital projects.”
The economic sector received the highest allocation of N138.04bn, followed by the social sector with N58.87bn, general administration with N9.01bn, and the law and justice sector with N3.11bn.
The governor disclosed plans to generate N160.27bn in recurrent revenue and N71.52bn in capital receipts while projecting an estimated closing balance of N11.68bn for 2024.
Yahaya assured the people that the 2025 budget reflects the state’s commitment to inclusive development.
He stated, “This budget aligns with local, national, and global economic realities.
“It prioritises the developmental needs of our people while emphasising sustainability, equity, and inclusiveness. It reflects our commitment to fostering growth, providing opportunities, and addressing pressing challenges in key sectors of the economy.”
0 Comments