The Plateau state Governor Simon Lalong, Thursday, presented the sum of N106.807 billion proposed fiscal expenditure for 2022 budget before the House of Assembly for consideration.
He said the proposed estimate tagged: “Budget of Economic of Economic Recovery and Consolidation of Inclusive Infrastructural Growth,” has the size of; “One hundred and six billion, eight hundred and seven million, two hundred and sixty-seven thousand, six hundred and forty-two naira, twelve kobo (106,807,267,642.12) only.”
The governor said of the proposed N106bn, the sum N76.263bn, was earmarked for recurrent expenditure, while N30.943bn was estimated for capital expenditure.
“The details of the proposed 2022 recurrent expenditure of Seventy-six billion, two hundred and sixty-three million, seven hundred and one thousand, six hundred and forty-four naira, six-two kobo (76,263,701,644.62) only.
“The proposed capital expenditure for the fiscal year’s budget is Thirty billion, nine hundred and forty-three million, five hundred and sixty-five thousand, nine hundred and ninety-seven naira, fifty kobo (30,943,565,997.50) only. This represents 28.6% of the total budget,” he said.
Blueprint reports that the 2022 budget was below that of the 2022, which was N147.537bn.
Speaker Abok Nuhu Ayuba assured the governor that members are committed to assiduously work with the executive arm to provide the necessary dividends of democracy to the people of the state.
“Be rest assured that the House is resolute in its desire and commitment to give you all the necessary legislative backings on any and all good plans that you have for the state,” he said.