31/12/2021
Yesterday 30th December, 2021 the Executive Chairman, Abuja Municipal Area Council, Hon. Abdullahi Adamu Candido Ppresent the appropriation bill of the year 2022 to legislative chamber for approval
At the presentation, Hon. Chairman said, the presentation of the 2022 budget estimate was based on the council fiscal stretage paper/campaign blue print as well as participatory budget processes through Community needs assessment and PAIRWISE ranking method as articulated by Open Government Partnership (OGP) with the assistance and contribution of Civil Society Organisations (CSO) both within and outside the Council. The AMAC 2022 budget will continue to be prepared using the zero based budgeting (ZBB) approach.
He further said, in view of the above the council having deliberated on the performance of 2021 budget and growing needs of our respective Communities, taking into consideration also the request of various departments within the Council, hereby present the budget size of N10,576,916,754 (Ten Billion, Five hundred Seventy Six Million Nine hundred Sixteen Thousand seven Fifty Four Naira) only as 2022 appropriation bill
The proposed budget which was tagged as a BUDGET OF TRANSITION represent a nominal increase of 3.72% above the previous year estimates and adopts the following underlying assumption.
1. Net statutory allocation =N7,076,916,754
2. AMAC IGR. =N2,800,000,000
3. 10% FCT IGR. =N1,500,000,000
4. DOAS. =N300,000,000
5. TERM LOAN. =N400,000,000
TOTAL: =N10,576,916,754
Based on the above assumption, the proposed N10, 576 Billion Naira was apportion according to budget formula as follows.
1) 41.01% for Recurrent expenditure = N4,337,873,67.000
2) 58.99% for capital expenditure = N6,239,043,084.00
Total: =N10,576,916,754
The 41.01% for Recurrent expenditure is further apportion as follows:
1). 63.49% for personnel cost =N2,755,173,670.00
2). 36.51 for overhead cost =N1,582,700,000.00
Total: =N4,337,873,670.00
The 58.99% for capital expenditure is also apportion as follows=
1) 57.27% for ongoing projects = N3,573,112,161.00
2) 35.12% for new projects = N2,190,930,923.00
3) 7.61% for debt services =N475,000,000.00
Total: =N6,239,043,084.00
These is the contents in the 2022 budget of transition. Best of luck and God bless the
amacians

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