Adamawa State Governor, Ahmadu Fintiri, has presented a N486.2 billion budget to the State House of Assembly for 2025.
The appropriation bill tagged ‘Budget of Service’ was presented in Yola on Monday.
The governor said the appropriation bill was in line with the Medium-Term Expenditure Framework, MTEF, and Fiscal Strategy Paper, FSP.
“Out of the total proposed budget estimate, the sum of N137.2 billion which represents 28.23 per cent is earmarked for recurrent services.
“While the balance of N348.9 billion which is 71.77 per cent of the total projected annual budget is earmarked for capital development programmes and services in the state,” he said.
According to him, the state government would continue to work in line with the Federal Government directives to follow International Public Sector Accounting Standards, IPSAS.
Fintiri said that this was to ensure that there was transparency and accountability in budget preparation and implementation.
“The 2025 Budget has taken into consideration the realities of today’s economic situation.
“As an administration, we have purposefully assessed our projected revenue so as to place our priorities right and our expenditure proportionate to what is economically realistic,” he said.
Responding, the Speaker of the assembly,
Bathiya Wisely, assured the readiness of the assembly under his leadership to do the needful to ensure the speedy passage of the budget for implementation in 2025.