Plateau State Governor Simon Lalong on Wednesday presented N133.4 billion budget proposal to the House of Assembly, for the 2021 fiscal year.
He said the Appropriating Bill comprised N 49,535,501,284.00) billion for Capital Expenditure, representing 37.12 per cent of the total budget, while the Recurrent expenditure stood at N 83,947,204,173.00) billion.
Lalong said: “This (budget) indicates an increase of Ten Billion Six Hundred and Thirty Three Million Eight Hundred and Eighty Two Thousand Five Hundred and Forty four Naira (N10,633,882,544.00) only, representing 8.6 per cent difference above the 2020 revised budget of One Hundred and Twenty Two point Eight billion naira (N122.8) only. This increase is as a result of increase in Recurrent and Capital Expenditure estimates.”
The governor said the document called ‘Budget of Economic Recovery and Consolidation of Inclusive Infrastructural Growth’ was designed to robustly respond to the dislocations caused by Coronavirus pandemic, which adversely affected the global economy.
He said the impact areas for the 2021 fiscal year included Education, which would gulp N6. 12billion; Works, N6. 7billion; Health, N7.22billion; Water Resources, N4bilion; Land and Survey, N2. 9billion and N3. 9billion for Agriculture among others.
