29 July 2020 by Bilkisu Kambai/Jos
Plateau State Governor, Simon Bako Lalong has signed into law the revised 2020 Appropriation Bill.
At the signing ceremony in Jos, Governor Lalong said the revised budget became necessary to take care of the realities of COVID-19 which had greatly affected the economy of the State.
He said as a State, the impact had been huge while earnings have drastically fallen even in the face of demands for funds to carry out statutory responsibilities and also respond to the challenges of the pandemic.
He explained that various cost-cutting measures had been engaged to enable the State manage the lean resources efficiently and also try to fulfill basic responsibilities of providing services to citizens.
Lalong reiterated the commitment of his administration to working through this challenging period by effectively applying available resources to the most critical areas that would benefit and assist the people in building a lasting legacy for the people of Plateau State.
He directed the Ministry of Finance, Budget and Planning as well as all MDAs to ensure its strict and effective implementation
On funding the budget, Governor Lalong said a reputable revenue collection firm had been engaged to improve on revenue targets, especially the Internally Generated Revenue which is crucial to funding the 2020 budget.
The 2020 Budget was revised from N177,340,521,174.00 to N122, 848,822,913.00.
He also explained that the Government will continue to strengthen the implementation of the Treasury Single Account (TSA); the Efficiency Unit; Bureau for Public Procurement; Liquidity Management Committee; as well as the Project Monitoring and Result Delivery Unit (PMRDU) to maximise resources and eliminate wastages.
Commissioner for Budget and Planning Mr. Sylvester Wallangko explained that the revised budget consists of 42.8 Billion naira for capital expenditure and 79.9 billion naira for recurrent expenditure.
Walanko further stated that the revised budget is in deficit of Twenty seven billion, seven hundred and nine million, four hundred and twenty one by naira (N21,709,429,246,00) which would be funded by loans from domestic and external sources.