Bauchi State Governor, Senator Bala Mohammed has proposed a spending of N195,355,607,143 for 2022.
He presented the budget proposal today before the Bauchi State House of Assembly tagged “Budget of Consolidation and Continuous Commitment”
“The budget comprises Recurrent Expenditure of N84,375,180,518 at 43% while Capital Expenditure received the sum of N110,620,426,625:00 or 57%,” the governor said.
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He said the 2022 proposed budget is 8.5% lower than that of 2021, adding that “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 explaining that the conservative approach was adopted to ensure that projects and programmes captured are implemented”
The governor said 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.”
The governor said 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 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 the areas: Loans (Internal & External) 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.
Governor Bala said the 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 sectorN13,967, 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 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 this house 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 government to implement the programmes and projects that will have significant impact on our 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 speedy development of the State.
