By: Ruth Selya, Bauchi
Bauchi State Government has proposed the sum of N195,355,607,143 :00 for Capital and Recurrent services during the 2022 fiscal year to the State House of Assembly.
Presenting the budget proposal to the State House of Assembly on Thursday, State Governor, Bala Mohammed Abdulkadir said that the Recurrent Expenditure of N8 4,375,180,518 :00 or 43% while Capital Expenditure received the sum of N110,620,426,625:00 or 57%.
According to the governor, the budget which he tagged is, “BUDGET OF CONSOLIDATION and CONTINUOUS COMMITMENT” added that the 2022 proposed Budget is 8.5 % lower than that of this year.
According to him, the reduction was arrived at in order to align government’s projections with the current economic realities especially related to the ability to meet anticipated revenues explaining that the conservative approach was adopted to ensure that projects and programmes captured are implemented.
He that the process of the preparation of the budget has been all inclusive saying, “Budget Public Hearings were conducted in the three Senatorial Districts where input s from Stakeholders were elicited and incorporated into the Budget” .
The sum of N100,893,132,559.25 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.
According to the Governor, Recurrent Expenditure Estimates is a total sum of N84,735,180 , 519 is earmarked for Recurrent Expenditure made up of
Personnel Cost N37,004,732,2 26 and Overhead Cost of N47,730,448 , 292 totaling N8 4,735,180 , 519.
He also disclosed that It is projected that the State will realize Capital Receipts in the sum of N 71,926,293,537 in the areas: Loans (Internal & External) N37,359,24 4 , 994; Aids and Grants N27,035 ,467 , 936; Other Capital Receipts N7,531 ,580 , 607 totaling the sum of N71,926,293,537.
Proposed Capital Expenditure is the sum of N 110,620,426,625 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 making a total of N110 ,620,426 , 625.
The Governor assured that the government will not embark on 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.
Bala Mohammed then solicited the continuous support and cooperation of this House as usual in the efforts of his administration towards the development of the State and in improving the lives of its citizens.