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Gombe State Ministry of Finance and Economic Development

The Gombe state’s Ministry of Finance and Economic Development is strategically Positioned to Deliver on the relevant formulation and monitoring of macroeconomic policies, including issues relating to fiscal policy and public finance, inflation, public debt management and Oversee to The Smooth Functioning of The Gombe states Economy, generally.

ACTIVITIES OF THE MINISTRY

The Gombe states Ministry of finance operates through 5 key agencies to help her meet her core mandates; some of which are:

  • Prepare the annual fiscal budget and issue adequate regulations for its execution.
    Manage government financial assets.
  • Propose bills related to the management of government employees, particularly bills related to staffing, salaries, benefits and pensions
  • Amortize debt and coordinate financial activities carried out within the scope of its power, for the different ministries and their related entities
  • Be aware of and report on any initiative of a financial nature involving public expenditure and indebtedness before it is debated by Congress
  • Participate in the negotiation of international free trade and financial agreements
  • Exercise all powers and rights as conferred on it in the Laws of The Central Bank of Nigeria.

GOMBE STATE DEVELOPMENT PLAN

That Gombe state has evolved over the years on all counts is no longer news. Neither is it news that the State is amongst the most blessed with a relatively young population. What is, however, news, is the development of the presentation of the Gombe state Development Plan, a plan that brings to the fore areas with great prospect for development for Gombe state. And the Gombe state Ministry of Finance and Economic Development is at the fore of the development stride of the government of the state.

Admittedly, some successes have been made over the years and the successive administrations have the opportunity to lead such a state as Gombe, especially on social development, while infrastructure is continually being improved through substantial public sector investment.

Nonetheless, since the creation of the State, there has not been any attempt to articulate a long-term economic development plan
for the State as earlier attempts at development – Planning were ad-hoc, short-termed and tied to the tenures of political regimes.

However, the current administration, led by Malam Inuwa Yahaya, understands that for development to be sustainable and political regime invariant, there is a need to develop an all-inclusive, long term Economic Development Plan for the State, owned and executed for the general interest of the current and succeeding generations of the people and governments of Gombe state.

The state now boasts of an economic plan backed up with the political will to succeed.

CORE VALUES

THE NEWS

LATEST PUBLICATIONS

This Budget Performance Report for Gombe State is prepared quarterly, and issued within 4 weeks from the end of each quarter.
This report includes the approved budget appropriation for the year 2021 against each organizational unit for each of the core economic classification of expenditures (Personnel, Overheads, Capital, and Others); the actual expenditures for the quarter
Q1, attributed to each organizational unit, as well as the cumulative expenditures for the year to date, and balances against each of the revenue and expenditure appropriations.

The core economic classifications refer to:
 Personnel – Economic Sub-Account Type 21, and Economic Account Class 2201
 Overheads – Economic Account Class 2202
 Capital – Economic Sub-Account Type 23 / 32
 Others – Economic Account Classes 2203-2208 as applicable.

This Budget Performance Report is produced by the Budget Directorate of Budget, Planning and Development Partner Coordination Office as well as the Office of the State Accountant General, Ministry of Finance; and published on the Gombe State’s Ministry of Finance website.

Click on button the below for a full report of this and other related publications for download.

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