Lalong presents N106bn as 2022 budget estimate to State Assembly

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Plateau State Governor, Simon Lalong, yesterday, presented the 2022 appropriation bill of over N106bn to the State House of Assembly for consideration and passage.

Lalong, while presenting the estimates tagged: “Budget of economic recovery and consolidation of inclusive infrastructural growth 2” said that out of the proposed sum, N76.3 representing 71.4 per cent of the total budget, is for recurrent expenditure, while N30.5 billion representing 28.6 per cent of the total budget was earmarked as capital estimate.

He said: “This indicates a decrease of N40.7 billion only on the 2021 total (N147.5 billion) approved budget. Mr Speaker, the fiscal assumptions and parameters for the 2022 proposed budget estimates are: exchange rate of N410.15 per US Dollar and Projected Gross Domestic Product GDP of 4.2 per cent.

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