by Christiana Gokyo, Jos
The sum of N133,482,705,457.00 only has been budgeted for the 2021 fiscal year by the Plateau state government.
Presenting the budget to the Plateau State House of Assembly on Wednesday in Jos by Governor Simon Lalong, the governor said the 2021 budget is tagged ‘Budget of Economic Recovery, Inclusive Growth and Infrastructural Consolidation.’
While making the presentation, the governor added that, the 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 their vision of achieving the three-pillar policy – peace, security, good governance, infrastructural development and sustainable economic rebirth.
He also noted that, last year’s budget was estimated at N172,596,317,577.00 only. However, for 2020, he said, from January to September 2020, the state government has realised the sum of N79,143,025,956.39 only.
The governor assured that, it would utilize its principal fiscal policy tool, which is the public budget as well as other associated policies, to create the enabling environment that would lead to economic transformation and growth.
He revealed that, the 2021 budget has embedded in it a COVID-19 component of N11 billion only, while having N83,947,204,173.00 only as recurrent expenditure and the sum of N49,535,501,284.00 only for capital expenditure.
According to the governor, “This indicates an increase of N10,633,882,544.00 only, representing 8.6 percent difference of 2020 revised budget of 122.8 billion only.
“This increase is as a result of increase in both Recurrent and Capital expenditures estimated,” he stated.