Governor Simon Lalong of Plateau State on Tuesday presented a budget estimate of N132.702 billion to the State House of Assembly for 2017 fiscal year.
The budget proposal which is N13.99 billion below the 2016 estimate, according to the governor, was due to the continuous fall in the revenue accruing from the Federal Account arising from the fall in price of oil as well as the oil output due to crisis in the oil region.
Lalong maintained that, “This therefore means that we need to make realistic projections to reflect the current economic realities.”
According to him, the capital expenditure for the year is N64.279 billion and represents 48.44% of total budget, while the 2017 recurrent expenditure is N68.422 billion, representing 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.