The Adamawa State Government is proposing to spend a whooping N163 billion in 2022 fiscal year.
Following finishing touches on the document by the state executive council, Governor Ahmadu Umaru Fintiri is expected to present the 2022 appropriation bill before the state house of assembly tomorrow.
The appropriation bill christened budget of sustainable hope will have a whooping N98.8 billion representing 60% as recurrent expenditure just as N64.7 billion representing 40% is allocated to capital expenditure
The state council during its 10th meeting for the year 2021 presided by Governor Ahmadu Umaru Fintiri endorsed the budget which it said with consolidate the gains and milestones so far recorded in the last two years.
Briefing newsmen shortly after the meeting Commissioner of agriculture Umar Iya Daware said the council discussed extensively on the budget proposal estimate for 2022 fiscal year.
The budget envelope he stated will be presented by Governor Fintiri before the state assembly Thursday.
Commissioner of finance and budget Dr Ishaya John Dabari while breaking down the budget revealed that the present administration has prioritized youth empowerment hence the allocation of 60% of the budget to recurrent expenditure to meet up to its mandate.
Dr Ishaya Dabari further stated that 40% of the budget representing N64.7 billion naira will go to capital expenditure to open more doors for development across the state.
While assuring that serious measures have been put in place to ensure the realization of the budget the finance commissioner expressed optimism that the economic crunch occasioned by Covid 19 will be surmounted and give room for more developments.