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With a State that has a revenue of less than N6 billion… Governor Simon Lalong of Plateau State, on Tuesday presented a budget estimate of N132,702,296,295 billion to the State House of Assembly for the 2017 fiscal year.
The budget proposal which is N13,993,888,823 billion less than the 2016 estimate, according to the Governor was as a result of continuous fall in the revenue accruing from the Federal Allocation due to the fall in price of oil as well as the oil output resulting from the crisis in the Niger Delta.
Lalong maintained that, “This, therefore, means that we need to make realistic projections to reflect the current economic realities.
According to the Governor, the proposed capital expenditure estimate for the 2017 fiscal year is N64,279,689,007 billion, representing 48.44 percent of total budget estimate.
He said the 2017 recurrent expenditure estimate of N68,422,607,288 billion, represents 51.56% of the total budget estimate.
However, Lalong reminded the lawmakers that, “Despite the serious economic recession in the country, our people have demonstrated serious patriotism and understanding.
“Their sacrifices have left us more burdened not to betray the mandate they have given and for this, we are determined to make life better for the citizenry and make a difference,” he stressed.