By Daniel Dauda,Jos
Plateau State Governor, Simon Bako Lalong have presented a state's 2021 fiscal year estimate to the tune of one hundred and thirty- three billion, four hundred and eighty two million, seven hundred and five thousand, four hundred and fifty seven Naira (133,482,705,457.00) only.
According to Lalong " this has embedded in it a COVID-19 component of N11billion Naira.
The 2021 budget is titled" Budget of Economic Recovery and Consolidation of Inclusive Infrastructural Growth".
While presenting the budget estimate at the State Assembly, Wednesday, Lalong acknowledged that this Budget was prepared under reality of the current economic realities, orchestrated by COVID-19 and with a reasonable degree of consistency both in policy and realism to "our vision of achieving the three-pillar policy of peace, security and good governance, infrastructural development and sustainable economic rebirth.
This consists of Eighty three billion, nine hundred and fourty seven million, two hundred and four naira, one hundred and seventy three kobo (N 83,947,204,173.00) only as recurrent expenditure, and Fourty nine billion, Five hundred and thirty five million, five hundred and one thousand, two hundred and eighty four naira (N49,535,501,284.00) only as capital expenditure.
"This 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% 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 both Recurrent and Capital Expenditure estimates.
He revealed that the 2021 estimates presented are intended to pursue programmes and projects with a view to achieving an inclusive and high income strategy, while securing an increasingly better life for all.
"However, the implementation of these programmes will require significant resources to close a deficit gap of Twenty Two Billion Six Hundred and Sixty Five Million Three Hundred and Fifty Six Thousand One Hundred and Five Naira (N22, 665,356,105.00) only."
Governor Lalong also said In the spirit of Accountability and Transparency during the year under review (January to September 2020, we have realised a total revenue of Seventy Nine Billion, One Hundred and Forty Three Million, Twenty Five Thousand Nine Hundred and Fifty Six Naira, Thirty Nine Kobo (N79,143,025,956.39) only. This was realized from the following sources:
a.IGR=============N16,425,710,071.02
b.SRA=============N28,168,222,280.50
c.VAT=============N10,492,876,473.52
d.OTHERS========== N1,083,446,246.87
e.DERIVATION 13%=== N 33,486,281.53
f.EXCESS CRUDE===== N 97,295,619.69
g.DRAWDOWN====== N1,900,000,000.00
h.DONATIONS======= N1,105,077,281.86
i.Bond============= N897,284,036.40
j.Foreign Loan======= N1,701,000,000.00.
We have also approved 100% remittance of collections to all Tertiary Institutions in the State to encourage them grow at their own pace.
"Despite setback and the consequences of COVID-19, we shall continue to engage all stakeholders including our youths as we work to create economic opportunities that lead to self-reliance and job creation."
While urging the 9th Assembly to diligently peruse and deliberate on the Budget, " I look forward to your cooperation in the speedy passing of the Budget to enable us commence implementation and service delivery from the onset of the New Year." The Governor mentioned.
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