Gov Bala presents N195 billion for 2022 budget (Photos)

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Gov Bala presents N195 billion for 2022 budget (Photos)

Governor, Senator Bala Mohammed Abdulkadir has on Thursday presented the proposed N195,355,607,143:00 2022 budget proposal.

While presenting  the budget proposal before the members  of the state House of Assembly tagged ‘Budget of Consolidation and Continuous Commitment for Capital and Recurrent Services for the 2022 Fiscal Year’, Governor Bala said “the budget comprises of recurrent expenditure of N84,375,180,518:00 at 43. per cent while capital expenditure received the sum of N110,620,426,625:00 or 57 per cent.”

He said “the 2022 proposed budget is 8.5 per cent lower than that of this year, the reduction was arrived at in order to align the government’s projections with the current economic realities especially related to the ability to meet anticipated revenues.

“The conservative approach was adopted to ensure that projects and programmes captured are implemented.”

The Governor further said that the process of the preparation of the budget has been all-inclusive.

“Budget public hearings were conducted in the three senatorial districts where inputs from stakeholders were elicited and incorporated into the budget.”

He said the sum of N 100,893,132,559.25 is estimated as recurrent revenue made up of Internally Generated Revenue, N24,494,940 , 253; Statutory Allocation, N66,938,107, 748; VAT, N15,608,321, 097, totaling N107,541 ,369,098.

Bala said that recurrent expenditure estimates, a total sum of N84,735,180,519 is earmarked for recurrent expenditure made up of personnel cost of N37,004,732,2 26 and overhead cost of N47,730,448,292, totalling N84,735,180,519.

He said that it is projected that the state will realise capital receipts in the sum of N 71,926,293,537 in these areas: Loans (internal and external) of N37,359,244,994; aids and grants N27,035,467,936; Other capital receipts N7,531, 580, 607 totaling the sum of N71,926,293,537.

Bala said the proposed Capital Expenditure is the sum of N110,620,426,625, in the administrative sector N7,485,890,598; economic sector N57,074,81 4,525; law and justice sector N1,86 0,0 00,000; regional sector N13,967,62 6,982 and social sector N30,232,094,520.

The Governor assured that the government will not embark on a new project during the 2022 fiscal year unless it becomes absolutely necessary, stressing that the focus of the budget is to complete all ongoing projects across the state.

He solicited the continuous support and cooperation of the Assembly as usual in the efforts of his administration towards the development of the state and in improving the lives of its citizens.

The Governor appealed to the lawmakers to expedite action towards passing the budget into law to enable the government to implement programmes and projects that will have a significant impact on the people.

Speaker of the State House of Assembly, Abubakar Y Suleiman assured that the House will pass the budget proposal in good time.

Suleiman reiterated the commitment of the lawmakers to work together with the executive to ensure the speedy development of the state.

Gov Bala presents N195 billion for 2022 budget (Photos)

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