Gov. Ishaku of Taraba has Presented the 2022 budget estimate, of N146.7 billion, comprising N78 billion Recurrent Expenditure, and N68.7 billion Capital Expenditure.
Ishaku said the 2022 budget was guided by macroeconomic variables as determined by the Federal Government.
The Governor enumerated the macro economic variables to include, international oil benchmark of fifty seven dollar per barrel,oil production quota of 1.88 million barrels per day, United States Dollar exchange rate to N4010.15, inflation rate of 13 percent and Gross Domestic Product growth rate of 4.20 percent.
Ishaku disclosed that the projected revenue of over 1046 billion comprised an opening balance of N350 million representing 0.24 percent, internally generated revenue estimate of N10 ten billion Zoro kobo representing 6.81 percent.
Others are Federal Statutory revenue of over fifty billion naira representing thirty four point fifty two percent,state share of value added tax of over nineteen bilion naira representing twelve point ninety four percent.
Total recurrent expenditure was estimated at over seventy eight billion naira representing fifty three point nine percent made up of total personal cost of over thirty nine billion naira,over head cost of over twenty three billion naira,social benefits for old and aged of over one billion naira including grant and subsidy of over three hundred million naira.
The budget has capital expenditure estimate of over sixty eight billion naira with economic gulping over thirty seven billion naira,Social Services over twenty two billion naira, law and justice over two billion naira and administration over six billion naira.
Governor Darius Ishaku resolved to implement the budget to fast track the completion of all ongoing projects in the State.
In his remarks, Speaker of the State House of Assembly Joseph Albasu Kunini expressed happiness that the implementation of the series of appropriation laws by Governor Darius Ishaku has greatly put smiles on the faces of the good people of the State.
He commended Governor Darius Ishaku for his dogged commitment to maintaining a cordial,symbolic and harmonious working relationship with all branches of Government in the State,particularly the legislature which has brought stability in budget presentation.
Professor Joseph Albasu Kunini assured the Governor of the timely processing and passage into law of the bill for his assent.
Taraba State twenty twenty twenty two budget is tagged budget of hope and consolidation.
