Governor Lalong presents ‘Zero-based Budget 2016,’ lower by 28.5 per cent from 2015
PLATEAU: The sum of one hundred and fifty-four billion, seventy-two million, five hundred and seventy thousand, four hundred and forty-two naira (N154,072,570,442.00) only, is for the 2016 budget for plateau state, only showing a drop of 28.5 percent from the 2015 budget.
Plateau state governor, Barr Simon Bako Lalong, announced this at the Plateau State House of Assembly, on Wednesday, in Jos, when he said the drop in the budget is to reflect realities on ground and the adoption of zero-based budget in line with the federal government’s directive; while the sum of seventy-five billion, nineteen million, three hundred and seventy-three thousand, eight hundred and seventy-eight naira (#75,019,373,878.00) only, representing 48 percent of the total budget, as recurrent expenditure.
He said, the sum of #79,053,196,564.00 only, is capital estimate, representing 51.3 percent of the total budget; adding that, the 2016 budget is projected to be financed from the funding sources for both the recurrent and capital.
According to him, the sum of #13,530,996,697.00 has been earmarked for the Internally Generated Revenue (IGR) and #35,700,000,000.00 only, for Statutory Revenue Allocation (SRA), while #3,500,000,000.00 is for Mineral Resources Revenue.
The governor pointed out that the capital budget is geared towards the actualization of the phased policy thrusts of the plateau administration and completion of some critical projects inherited.
He said general administration has #14,416,712,379.00; Economic has #40,827,433,804.00; while Social Services has #23,141,762,381.00 naira.
Others include, Agriculture and Rural Development, with N3,322,483,000.00, Environment and Mineral Development has the sum of N487,064,558.00, and Culture, Tourism and Hospitality will receive the sum of 802,500,000.00 naira.
Also, the sum of 1,190,500,000.00 naira is earmarked for Commerce and Industries, while the sum of 12,431,710,111.00 naira is for Education, and 6,379,487,712.00 naira for Health Care Delivery. He explained further that, the sum of N4,447,500,000.00 is for Housing and Urban Development.
According to him, Information and Communication has 1,615,874,314.00 naira; Lands & Surveys and Town Planning has 5,818,951,750.00 naira only, while the sum of 3,244,987,750.00 naira is for Water Supply, Sanitation and Energy.
The sum of 219,700,000.00 naira was budgeted for Women Affairs and Social Development, while the sum of 522,000,000.00 naira goes for Youth and Sports Development, and N23,748,000,000.00 earmarked for Works and Transport.
He stated further that, 8,987,194,201.00 naira was budgeted for Administration, for the completion of the new Government House; completion, renovation and extension of the House of Assembly, renovation and furnishing of the State Secretariat and building and furnishing of Protocol Lodge at Heipang Airport.
Barr Lalong said the 2016 budget is a “Budget of Rescue and Hope,” adding that a fiscal discipline would be imbibed in their expenditure pattern and strict observance of the rules of engagement in due processes and the procurement Act.