Governor Mu’azu Babangida Aliyu of Niger state has forwarded the 2011 budget estimate of N128,997,354,851.00 to the state House of Assembly for consideration and approval.
A statement issued in Minna yesterday by the Secretary to the Niger state Government (SSG), Dr. Mohammed Kuta Yahaya, stated that the budget estimate was forwarded to the Speaker of the Assembly, Honourable Umar Musa Ma'ali.
Details of the budget estimate including recurrent and capital expenditure, internal revenue and total revenue from federation account and VAT were however not contained in the statement.
Yahaya said that the budget was targeted at completing on-going projects that will have long lasting impact on the socio-economic development of the state.
He explained that concerted efforts will be made to improve on internally generated revenue to enable government keep up with the challenges of developing the state and providing quality service to the people.
According to him, "projected sources of revenue are premised on the statutory allocation, internally generated revenue, expected draw downs from development partners and grants".
The SSG enumerated other sources to include infrastructural bonds, spill over bond, World Bank Credit for rural roads and millennium development goals intervention among others.
He said that government will cut down on public spending and assured that formal presentation to the entire House of Assembly will take place as soon as the Assembly confirms a date.