By Nimake Earland
Governor of Bauchi State, Bala Abdulkadir Mohammed has presented a proposed budget of N195 billion for the 2022 fiscal year to the State House of Assembly.
He said the sum of N 195,355,607,143:00 has been budgeted for Capital and Recurrent services during the 2022 fiscal year.
Presenting the Budget tagged “Budget of Consolidation and Continuous Commitment” on Thursday to the Speaker, State House of Assembly, at the Assembly Complex, Governor Mohammed told the legislators that the
comprises of Recurrent Expenditure of N 8 4,375,180,518 :00 or 43 % while Capital Expenditure receives the sum of N 110,620,426,625 :00 or 57 %.
Gov Bala task Reps on new constitution
He said 2022 proposed Budget is 8.5 % lower than that of this year. The reduction was arrived at in order to align our projections with the current economic realities especially related to our ability to meet anticipated revenues. This conservative approach was adopted to ensure that projects and programmes captured are implemented.
In his address, the Speaker Bauchi House of Assembly, Honourable Suleiman Abubakar assured that the assembly will do justice to the proposed 2022 budget as provided by the law.
