The Plateau State Governor, Barrister Simon Lalong, on Tuesday signed into law the 2015 appropriation bill.
The budget is estimated at N215,465,835,418.00 only.
Performing the ceremony, Governor Lalong said the signing of the budget was in accordance with Section 121 sub section (1) of the 1999 Constitution of the Federal Republic of Nigeria.
Former Governor Jonah Jang had on December 23, 2014 presented the budget proposal to the House of Assembly, but it was not passed into law until the arrival of the 8th Assembly of the state.
Lalong said the House had deliberated on the budget and passed N215,457,618,204.72 only for the year.
He said: “”This shows a drop of Eight Million, Two Hundred and Seventeen Thousand, Two Hundred and Thirteen Naira Twenty eight kobo (N8,217,213.28) only.
“Of this amount, One Hundred and Nineteen Billion, Eight Hundred and Twenty Million, Three Hundred and Sixty One Thousand, One Hundred and Forty Eight Naira, One Kobo (N119,820,361,148.01) only is for Capital Expenditure and Ninety Five Billion, Six Hundred and Thirty Seven Million, Two Hundred and Fifty Seven Thousand, Fifty Six Naira, Seventy One Kobo (N95,637,257,056.71) only is for Recurrent Expenditure.
“The Budget is to be funded from Internal and External Revenue Sources amounting to One Hundred and Eleven Billion, Five Hundred and Thirteen Million, Six Hundred and Forty Four Thousand, One Hundred and Ninety Two Naira (N111,513,644,192.00) only.
“This shows that the budget has a deficit figure of One Hundred and Three Billion, Nine Hundred and Forty Three Million, Nine Hundred and Seventy Four Thousand, Twelve Naira, Seventy Two Kobo (N103,943,974,012.72) only. To be financed from Internal Loans and Government bonds.”