Governor Simon Lalong of Plateau State, on Wednesday, signed the 2017 budget of N139,494,308,256 into law.
Signing the budget, Lalong said, the “Budget of Rescue and Confidence Building” will build and sustain the confidence of the citizenry 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.
“It is in the light of this that we engaged the zero budgeting model in order to ensure that projected expenditures are prioritized on a scale of preference, and made to match with projected revenue inflows and receipts.
According to him, the Recurrent Expenditure of N69,362,699,295, representing 49.64% of the Budget and a Capital Expenditure of N70,131,608,961, representing 50.36% of the Budget size.
He maintained that the aforementioned budget size shows an increase of N6,792,011,961, that is 4.87% increase from what was initially presented to the House.
“This reflects, in the best judgment of the House, adjustments to certain areas which deliberations have favoured the improvement in the allocations,” he further explained.
“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 our economy; and the application of same appropriately, so the Budget Projections can be realised.
The Governor called on all critical stakeholders within the Budget implementation chain in Government, to ensure that the Budget is implemented with strict fiscal discipline.