Wed, 28 Feb 2024

 

Diri presents N385.211bn appropriation bill to State Assembly
 
By: News Editor
Mon, 7 Nov 2022   ||   Nigeria, Bayelsa State
 

The Bayelsa State Governor, Douye Diri, on Monday presented an appropriation bill of N385.211billion for the 2023 fiscal year to the State House of Assembly.
The appropriation bill is tagged ‘Budget of Sustainable Growth and Reconstruction.’
Diri said the budget will be funded through FAAC receipts, N153bn; 13 percent derivation, N148bn; internally generated revenue, N20bn; grants, N16.7bn; and loans, N47bn.
The Governor said the parameters of the budget are consistent with the State’s 2023-2025 medium term expenditure framework and fiscal strategy paper previously approved by the assembly.
Diri noted that the 2023 budget took to consideration the input of citizens and stakeholders, which culminated in an interactive session held in September “to ensure that Bayelsans have an opportunity to contribute their ideas to crafting our shared-prosperity.”
The Governor gave the breakdown of the budget as follows; Works and Infrastructure will get N77.924bn; Education N40.454bn; Agriculture N14.199bn; Environment N13.842bn; Health N12.526bn; and Lands and Housing N7.278bn.
Others include, Information N6.319bn; Local Government and Community Development N5.793bn; Transport N5.322bn; Youths and Sports N4.610bn; Trade and Investment N2.844bn; and Power N2.054bn.
While the recurrent expenditure will gulp N217.665bn, capital expenditure stood at N167.545bn.
He said; “Secondly, we will continue building new physical infrastructure and restore those that have been damaged by the floods, for the benefit of citizens.”

 

 

Tag(s):
 
 
Back to News