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Katsina records N22.5 bln revenue shortfall in 2013 budget

12 December 2013, 18:54

Katsina - Governor Ibrahim Shema of Katsina State has said that state’s projected revenue receipts for 2013 fell by N22.5 billion.

He said that N92 billion was achieved against the N114.5 billion budget proposed in 2013.

According to him, the N22.5 billion revenue shortfall compelled the Katsina State Government to drastically reduce its expenditures.

“Despite the shortfall, the government did not borrow to finance its expenditures or to meet its recurrent obligations.

“The effort was achieved through discipline, financial prudence and rational allocation of resources to meet aspirations of people of the state.’’ he said.

The state Commissioner for Finance, Alhaji Lawal Jari, had during a 2014 budget breakdown, said that the state achieved 70 per cent in the implementation of the 2013 budget.

-    NAN


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