The Gombe State Governor Ibrahim Dankwambo yesterday presented a budget proposal of N76.5 billion at the Gombe State House of Assembly for approval. The budget, which he tagged “Budget of Consistency and Transformation”, is made up of N42.5 billion Recurrent Expenditure and N34.4 billion for Capital Projects.
The 2016 budget is N12 billion less than the 2015 budget which was N88.9 billion
The Governor however sounded a note of warning to ministeries, departments and relevant agencies on the need to enforce discipline in the use of allocations given to them.
“This made it necessary to review and prioritise our revenue and public expenditure framework as well as practice of public financial and fiscal management.
We empowered our budget and Debt Management Office at the state level to achieve realistic budgeting system and public debt management strategy,” he said.
We are mindful of the challenges of fulfilling the aspiration of Gombe State people.
In addressing these challenges, we devised sources of raising funds, using the capital market and leveraged funds of longer tenor and fixed cost to finance infrastructure development”.