Sokoto state government has made approved a supplementary budget in the sum of twenty nine billion, three hundred and eighty nine million naira for this year.
The budget, according to the state Commissioner for Budget and Economic Planning, Hassan Muhammad Maccido will be used to offset the expenditure components of the state’s disbursements in the areas of personnel cost, over head cost and capital expenditure.
He said the details was revealed at the end of the state executive council meeting presided by the Deputy Governor, Manir Muhammad Dan Iya.
Briefing journalists after the meeting, Hassan said the sum of eight hundred and four million naira is for personnel cost, sixteen billion, four hudred and seventy four million naira earmarked for over head cost while twelve billion, one hundred and eleven million naira is for capital projects.
He said the reason for the supplementary budget is to utilize funds accruing to the state from additional revenue for the remaining part of the year pending the passage of the 2023 budget into law.
The commissioner further explained that the supplementary budget became necessary considering the fact that prices of goods and services has increased while government is currently executing various developmental projects which have reached different stages of completion.
REL/ NASIR MALALI