…Prepares for Comprehensive 2025-2027 Budget
Kaduna State Government has reported a total revenue of N171.7 billion and expenditures of N164.6 billion for the first half of 2024. This performance corresponds to 37.48 percent of the annual budgeted revenue and 35.92 percent of the approved expenditure for the year, based on a total budget of N458.271 billion.
The breakdown reveals that the state achieved N27.4 billion in Internally Generated Revenue (IGR), which accounts for 22 percent of the targeted N120 billion for 2024. Additionally, out of the expected N84.3 billion in statutory allocations for the year, N36.1 billion, or 42.8 percent, has been received.
Ahmed Mukhtar Monrovia, Chairman of the Estimates Committee and Commissioner for Planning and Budget in Kaduna State, expressed optimism about improving budget performance in the coming years. During a presentation on the Medium Term Expenditure Framework (MTEF) to the Estimates Committee, Monrovia emphasized the importance of meticulous planning for the 2025-2027 budgets.
Monrovia highlighted that MTEF is crucial for long-term fiscal planning and resource allocation to key priorities. He stated, “We have learned that without proper planning, we face failure. Thus, our team is working on refining the 2025-2027 multi-year budget to ensure better performance. We are incorporating lessons from the current budget and adjusting revenue projections to be more realistic.”
He added that while the first half-year performance stands at an average of 37 percent, there is optimism for improved results by the year’s end, as significant activities typically occur in the latter part of the year.
The Commissioner also stressed the need for the State Estimate Committee to conduct thorough research and engage with stakeholders to develop realistic revenue projections for the multi-year budget. This is crucial for addressing the needs of the approximately 80 million multidimensionally poor residents in the state.
