Bauchi State has been ranked 22nd among the 36 states in the implementation of the 2022 fiscal year performance, according to BudgIT, a civic technological organisation, raising the standards of transparency, citizen engagement and accountability most especially in public finance.
WikkiTimes recalls that over N195.4 billion was approved for the state’s 2022 fiscal year which comprised N84.735bn earmarked for recurrent expenditure and N110.620 billion for capital expenditure.
A report by BudgIT indicated that Sokoto, Kebbi, Enugu, Osun, Abia, Ondo, Borno, Katsina, Bauchi and Jigawa made the list of middle 10 to clinch 14th to 23rd respectively.
Rivers, Kaduna, Lagos, Cross River and Ebonyi make the top 5 states with the highest performance. Conversely, Benue, Bayelsa, Yobe, Adamawa and Taraba States made the bottom list in the fiscal year performance respectively.
Rivers State maintained its overall fiscal performance position, ranking first, just like it did in 2020 and 2021. It joined Lagos to become the only two states that generated enough internal revenues to take care of their operating expenses.
While Yobe and Bayelsa have their operating expenses more than seven times the revenues generated by both states Internally, reinforcing the heavy reliance on federal transfers and budget support to fund their budgets, according to BudgIT.
Meanwhile, Lagos, Kaduna, Rivers, Ogun, and Cross River States are the five most indebted responsible for 37.09% of total subnational debt as Kogi State ranked first in foreign debt in 2021.