The Borno State Government said on Tuesday that it would spend N178.5 billion in the 2014 fiscal year.
Governor Kashim Shettima made the announcement while presenting the 2014 budget to the state House of Assembly in Maiduguri, the state capital.
Shettima explained that N121.7 billion had been set aside for capital expenditure while N56.7 billion will be used for recurrent expenditure.
He said the budget was expected to be financed from a statutory allocation of N139.9 billion and Internally Generated Revenue of N30.8 billion.
Shettima added that capital receipts for the year were estimated at N121.8 billion.
The proposed expenditure was a drop from 2013 budget of N184.3 billion, which had a capital expenditure of N132.1 billion and recurrent expenditure of N52.1 billion.
He said: “This Budget of Consolidation and Progress will make very positive impact on the lives of our people.
“As a rule, all Ministries and Parastatals are to create jobs.
“Citizens in benefiting communities are to be first point of consideration for local sourcing of labour, technology and raw materials except where those required are not available locally.”
A breakdown of the budget showed that N19.7 billion was allocated to the Ministry of Education.
Also, N14.3 billion was allocated to the Ministry of Higher Education, while N15.3 billion was allocated to Ministry of Health.
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