The Katsina State Commissioner for Budget and Economic Planning, Bello Kagara, has announced that the state government plans to allocate N20.4 billion for debt servicing in the proposed 2025 budget.
Kagara disclosed this on Tuesday during the breakdown of the budget.
He explained that the N20.4 billion would be drawn from the state’s proposed N682 billion budget to manage the debts.
Governor Dikko Umaru Radda had presented a budget estimate of N682,244,449,513.87 to the members of the state House of Assembly for the 2025 fiscal year.
Kagara further explained that over twenty trillion, N20,426,679,083.64, has been set aside in the 2025 budget proposal specifically for debt servicing while over N70.4 billion would be allocated for other recurrent expenditures.
He also mentioned that N15.419 billion is proposed in the 2025 appropriation bill for pension and gratuity payments, with personnel costs and salaries expected to total N51.689 billion.
“The proposed 2025 budget comprises recurrent expenditure of N157,969,755,024.36 broken down as follows: personnel cost and salaries, N51,689,612,024.90 and pension and gratuity, N15,419,689,173.30.
“Other recurrent expenditure is N70,433,774,742.47 and debt servicing is N20,426,679,083.64, totalling N157,969,755,024.36,” the commissioner said.
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