Katsina Govt To Spend N56.5bn On Personnel Cost, Pensions

Katsina State government plans to spend the sum of N56, 469,900,378.70 on personnel cost, pension and gratuity in the 2024 proposed budget of the state.

This was revealed by the state commissioner for Budget and Planning, Bello Kagara, while presenting the 2024 proposed budget breakdown at the Old Government House Katsina.

He said the proposed budget of N454,308,862,113.96 which was presented to the State House of Assembly two weeks ago, has 72.63 per cent capital expenditure and 27.37  per cent recurrent expenditure.

He added that the proposed budget is comparatively higher than that of 2023 by N153,675,604,150.96 representing an increase of 51.11 per cent.

“The 72.37 per cent translates to N329,979,518,595.97 while the 27.37 per cent is in the sum of N124, 329,343,517.99.

“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, total- N56,469,900,378.70, other recurrent expenditure: debt servicing, self-sustained, revenue and overhead cost N67, 859,443,139.29, totaling to N124,329,343,517.99″, he said.

The commissioner further added that the budget tagged ” Building Your Future” is expected to be financed by internally generated revenue, the share of the government from the Federal Accounts Allocation Committee (FAAC) and capital receipts from aids and grants as well as capital development fund.