The Plateau State Government has through the Ministry of Budget and Economic Planning, gave a breakdown of the 2024 Budget of Three Hundred and Fourteen Billion, Eight Hundred and Fifty-five Million, one Hundred and Forty-Eight Thousand, Five Hundred and Fifty-Three naira (N314, 855, 148, 553.00).
Breakdown of the budget which was tagged, “Budget of New Beginning” was given by the Commissioner of Budget and Economic Planning, Hon. Chrysanthus Dawan, at the Conference Hall of the Ministry on Friday in Jos, the state capital.
The N314bn budget according to the Commissioner, is to be financed by revenue estimates generated from: Recurrent Revenue of Internally Generated Revenue, IGR, of thirty-eight billion, eight hundred and fifty million, eight hundred and seventy-four thousand, nine hundred and thirty-one naira (N38, 850, 874, 931.00); Government share of Federation Account Allocation Committee, FAAC, the sum of one hundred and fifty-one billion, four hundred and twenty-four million, five hundred and sixty-six thousand, and seventy nine naira, bringing the total amount to one hundred and ninety billion, two hundred and seventy five million, four hundred and forty-one thousand, ten naira (N190, 275, 441, 010).
Other sources he said is to include, Aids and grants to the tune of twenty-eight billion, nine hundred and nineteen thousand, eight hundred and fourteen naira, N28, 919, 050, 814.00); Capital Development Fund (CDF) the sum of ninety-five billion, six hundred and sixty million, six hundred and fifty-six thousand, seven hundred and twenty-nine naira (N95, 660, 656, 729.00) making the total of one hundred and twenty-four billion five hundred and seventy-nine million, seven hundred and seven thousand, five-hundred and forty three thousand (N124, 579, 707, 543.00). The grand total of the Revenue estimate is three hundred and fourteen billion, eight hundred and fifty-five million, one hundred and forty-eight thousand, five hundred and fifty-three naira (N314, 855, 148, 553. 00).
EXPENDITURE
RECURRENT EXPENDITURE: Recurrent expenditure including personal and recurrent costs and capital expenditure will gulp three hundred and fourteen billion, eight hundred fifty-five million, one hundred and forty-eight thousand, five hundred and fifty three, (N314, 855, 148, 553.00) where capital expenditure will consume one hundred and fifty-two billion, five hundred and twenty-nine million, four hundred and fourteen thousand, nine hundred and ninety-two (N152, 529, 414, 992.00), Personal Cost; fifty two billion, two hundred and fifty-nine million, nine hundred and fourteen thousand, seven hundred and fifty-four (N52, 259, 914, 754.00) and other recurrent cost one hundred and ten billion, sixty-five million, eight hundred and eighteen thousand, eight hundred and seven (N110, 065, 818, 807.00).
The breakdown shows that Finance and Economics sub sector got higher share with Twenty Seven Billion, Six Hundred and Sixty-Nine Million, Three Hundred and Thirty-Five Thousand, Two Hundred and Seventy-Nine Naira ( 27,669,235,377.00) while Tourism, Culture and Hospitality got the lowest with One Hundred Million Naira (N100, 000,000.00) only.
AGRICULTURE AND RURAL DEVELOPMENT SUB-SECTOR: this sector will take twelve billion, forty-six million, five hundred and fifty-eight thousand, four hundred and seventeen naira (N12, 046, 558, 417, 00) representing 7.89% of the total capital budget.
COMMERCE & INDUSTRY: Commerce and Industry is allocated one hundred and thirty four million, six hundred and sixty thousand naira (N134, 660, 000. 00) representing 0.08% of the capital budget.
INFORMATION & COMMUNICATION SUB-SECTOR:- one billion, one hundred and fifty-two million, seven hundred and sixty-two thousand naira (N1, 152, 762, 000. 00), representing 0.75% of the capital estimate.
LAW & JUSTICE SUB-SECTOR:- seven billion, twenty-five million, six hundred and seven thousand, six hundred naira (N7, 025, 607, 600.00) representing 4.60% of the capital estimate.
SCIENCE & TECHNOLOGY:- N772, 290, 000.00 representing 0.50% of the capital estimate.
LANDS, HOUSING AND URBAN DEVELOPMENT SUB-SECTOR:- Seven Hundred and Seventy-two million, two hundred and ninety thousand naira (N21, 426, 951, 631.00), representing 14.04% of the capital budget to address land and housing projects in the state.
TOURISM CULTURE & HOSPITALITY SUB-SECTOR:- one hundred million naira (N100, 000,000.00) REPRESENTING 0.07% of the total estimate for tourism activities in the state.
WATER, SANITATION & ENERGY SUB-SECTOR:- fifteen billion, nine hundred and eighty-eight million, nine hundred and forty-four thousand, four hundred and eighty-six naira (N15, 988, 944, 486.00) representing 10.48% of the total estimate.
EDUCATION SUB-SECTOR:- ten billion, four hundred and ninety-five million, six hundred and nineteen thousand, seven hundred and seven naira (N10, 495, 619, 707.00), Representing 6.88% of the capital budget.
ENVIRONMENT AND MINERAL SUB-SECTOR:– one billion, seven hundred and sixty-three million, seven hundred and two thousand, eight hundred and sixty naira (N1, 763, 702, 860.00) representing 1.15% of the total capital estimate.
FINANCE & ECONOMIC SUB-SECTOR:- twenty-seven billion, six hundred and sixty-nine million, three hundred and thirty-five thousand, two hundred and seventy-nine naira (N27, 669, 235, 379.00) representing 18.14% of the total capital estimate.
HEALTH SUB-SECTOR:- five billion, four hundred and fifty-three million, eight hundred and one thousand, two hundred naira (N5, 453, 801, 200.00) representing 3.58% of the total capital budget.
WORKS & TRANSPORT SUB-SECTOR:- fifteen billion, three hundred and twenty-six million, eight hundred and eighty thousand naira (N15, 326, 880, 000.00) representing 10.04% of the total capital budget.
WOMEN, YOUTH AND SPORT SUB-SECTOR:– One billion, three hundred and twenty-seven million, four hundred and seventy thousand naira (N1, 327, 470, 000.00).
He urged Ministries, Departments and Agencies of government to adhere to the basic principles of budget implementation and equally draw the attention of Ministry of Budget and Economic Planning for any guidance when the need arises.
The Commissioner also called on Civil Society Organizations as partners in progress to monitor and assess all the projects cited in their domains to ensure that projects are executed based on specification.