Bauchi State Governor Bala Mohammed has presented the N195,355,607,143:00 for the 2022 fiscal year.
This comprises of recurrent expenditure of N8 4,375,180,51and capital expenditure of N110,620,426,625 :00.
While presenting the budget proposal to the State House of Assemby on Thursday, Mohammed, said that the 2022 proposed Budget is 8.5 per cent lower than that of 2021.
The reduction, he said was to align government’s projections with the current economic realities, “especially 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, adding that the “Budget Public Hearings were conducted in the three Senatorial Districts where inputs from stakeholders were elicited and incorporated into the budget.”
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.
According to the governor, the 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 said that it is projected that the state would realise 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.
The governor assured that the government would 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.
