A total budget proposal of N154.33 billion for the 2012 fiscal year has been presented to the Kaduna State House of Assembly by Governor Patrick Ibrahim Yakowa of the state.
The budget christened “Budget of Peace, Unity and Growth’’ has a recurrent expenditure of N69.3 billion and a capital expenditure of N84.9 billion.
The 2012 fiscal year budget however exceeded that of 2011 with N17.77 billion as the governor regretted that the post-presidential election violence last April had a negative impact on the performance of the 2011 budget hence an increase was necessary.
“Government has therefore decided that it has to rely more on its internally generated revenues as its major source of financing future development projects".
The governor said that “the violence retarded our efforts at socio-economic and infrastructural development and redirected them towards reconciliation/ rehabilitation of crisis victims and return to normalcy, peace and security in the state.