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Politics Kwankwaso teaches Okonjo-Iweala how to balance budget - PM News

Nigeria’s finance minister, Dr. Ngozi Okonjo Iweala said Nigeria will be spending 78 per cent of its income on recurrent expenditure in 2014 and 22 per cent on capital projects. Nearly a trillion naira will be borrowed to finance the capital projects.

But in Kano, Rabiu Kwankwaso, an engineer, who doubles as the governor of the state, has demonstrated how best to run a national budget, at state level: Kwankwaso in fiscal 2014 year, will be spending 32 per cent of the expected income of N219.2 billion on recurrent expenses. Capital expenditure will take the rest.

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Source: PM News

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