Gov. Shettima presents N175bn budget for 2015

Gov. Kashim Shettima of Borno on Tuesday presented a budget proposal of about N175 billion for the 2015 fiscal year to the state House of Assembly in Maiduguri for approval.

Shettima said that the proposal, tagged `Budget of Fulfilment’, comprised N62 billion recurrent and N113 billion capital expenditures.

He explained that the budget would be financed through N98 billion Statutory Allocation, N39 billion Internally Generated Revenue and N38 billion Capital Receipts.

Shettima said that the budget was aimed at completing all ongoing projects and introducing viable ones that would have positive impacts on the lives of the citizenry.

“The main target is to improve the living standard of the people and boost the economy of the state.

“The budget is aimed at mobilising available resources to ensure the attainment of targeted goals,” he said.

The Ministry of Works got the highest allocation of N23 billion in the budget.

The Ministry of Health got N17 billion and the Ministry of Education N14 billion, to place second and third respectively.

Others included the Ministry of Higher Education, N12 billion and the State Universal Basic Education Board (SUBEB), N11billion.

(NAN)