This is made up of recurrent expenditure of sixty-nine billion, three hundred and sixty-two million, six hundred and ninety-nine thousand, two hundred and ninety-five Naira (N69,362,699,295:00) only, representing 49.64 percent of the Budget size, and a capital expenditure of seventy billion, one hundred and thirty-one million, six hundred and eight thousand, nine hundred and sixty-one Naira (N70,131,608,961:00) only, representing 50.36 per cent of the Budget size.
The appropriation bill shows an increase of six billion, seven hundred and ninety-two million, eleven thousand, nine hundred and sixty-one Naira (6,792,011,961:00) only, that is 4.87 percent increase from what was initially presented to the House at oil benchmark of 42.5 Dollars per barrel.
Tagged “Budget of Rescue and Confidence Building”, Governor Lalong said, the budget “Will build and sustain the confidence of our citizens in Government, as we avail them the opportunity of practically assessing our value addition to the process of Governance.
“We will ameliorate the challenges being faced in all critical sectors of our economy, and provide the avenue for sustainable livelihood for our people.
“The areas of our comparative advantages in a competitive global economy will be enhanced through the implementation of this Budget, as we exploit and explore our natural resource and create a market for all our citizens, who have been encouraged to productively engage in all the agricultural value chains, and the micro, small and medium enterprise development programmes put in place.
“Our philosophy of confidence building in government will further be strengthened by strict financial discipline, price intelligence and strategic project implementation, that will check excesses, cut wasteful spending and block leakages, so we get the highest and best output out of every intervention we will be making.”
With the signing of the appropriation bill into Law, all is now set for the aggressive mobilisation and mopping-up of all revenues that are derivable, from every revenue yielding source across all sectors of the state economy and the application of same appropriately, so the Budget Projections can be realised.