Bauchi presents N195. 355bn budget for 2022 

SELYA  YARNAP, Bauchi

 

 

The Bauchi State government has presented 195.355 billion appropriations estimate for 2022 to the State House of Assembly.

 

 

Governor . Bala Mohammed Abdulkadir who presented the budgetary estimate in Bauchi on Thursday, tagged it , ”  BUDGET OF CONSOLIDATION and CONTINUOUS COMMITMENT”, added that the 2022 proposed Budget is 8.5 % lower than that of this year.

 

 

 

He  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 %.

 

 

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 toralling   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 said 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.

 

 

Governor Bala 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 on going projects across the state.

 

 

The Governor 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 .

 

 

He also appealed to the Honourable House to expedite action towards passing the Budget into law to enable Government implement the programmes and projects that will have significant impact on our people in the state.

 

 

In his remarks, House Speaker Abubakar Suleiman commended the executive, especially for its open-door policy and inclusiveness in governance.

 

 

According to him, the House has been in the forefront of ensuring prudence, accountability and transparency by inviting ministries, departments and agencies (MDAs) toward ensuring prudence in governance.

 

 

He assured the executive arm of the government on the speedy passage of the budget.