Governor Dickson Submits 2016 Budget For Bayelsa

The Governor of Bayelsa State, Seriake Dickson, has submitted a budget of N150.645billion for the 2016 fiscal year.

According to the Governor, the state government plans to spend N99.380billion 

as recurrent expenditure with N51.265billion earmarked for capital expenditure.

The Governor named the 2016 Appropriation Bill “Budget of Transition”, while presenting it to the House of Assembly in Yenagoa for consideration.

He said the budget would prioritise the completion of ongoing projects and programmes of the state in the new fiscal year.

The Governor also told the members of the Bayelsa State House of Assembly that “security will receive massive investment” in view of the magnitude of violence that characterised the just-concluded state governorship election.

The state government said it intended to spend N43.126billion as personnel cost and N20.270billion as overhead, while consolidated revenue fund charges stood at N6.850billion and capital expenditure was N25.399billion.

Budget Breakdown

A breakdown of the budget is as follows:

Works and Infrastructure – N5.200billion

Education – N4billion

Health – N2billion

Sport – N1billion

Community Development – N1.7billion

Agriculture and Natural Resources – N1.365billion

Tourism – N1.150billion

Housing – N1billion

Transport – N1.420billion

Power – N720million

Water Resources – N384.240million

Information – N460million

Finance – N200million

Budget and Economic Planning – N250million

SOURCE: CHANNELSTELEVISION