Seriacke Dickson Proposes N285.930 Billion Budget To Bayelsa Assembly
Seriake Dickson, Governor of Bayelsa State today presented¬†a N285.930 billion Appropriation Bill for the 2013 budget christened “Budget for consolidation for Restoration‚ÄĚ to the Bayelsa State House of Assembly in Yenagoa.
The budget presented is to ensure thorough and speedy implementation of the various policies and programmes of the present administration.
The budget was put together using the 2013- 2015 Medium Term Expenditure¬†profile.
N133.235 billion¬†or 46.60% is set aside for recurrent expenditure and¬†N152.695 billion or 53.40% for capital expenditure.
The budget is expected to be financed from¬†a total revenue projection of N247.902 billion and capital receipt of N38.028billion.
The 2013 budget provides for massive infrastructural development and investments in Bayelsa.
It consist of the following :
Statutory Allocation -N 27.268 billion
Excess Crude\Budget augmentation – N45.500 billion
VAT – N9.95 billion
13% Derivation – N160.706 billion
Internally Generated Revenue – N4.473 billion
Capital Receipts – N38.028 billion
The Total is. – N285.930 billion
Amounts earmarked for specific sectors :
WORKS AND INFRASTRUCTURE. – N38.8billion
EDUCATiON – N28.4billion
HEALTH – N7.7billion
ENERGY – N6.2billion
AGRICULTURE – N2.7billion
TRADE INVESTMENT and INDUSTRY – N2billion
WATER RESOURCES – N3.4billion
SCIENCE TECHNOLOGY and MANPOWER DEVELOPMENT – N3.5billion
SPORT DEVELOPMENT – N4.5billion
HOUSING and URBAN DEVELOPMENT – N3.2billion
WOMEN EMPOWERMENT -N 1billion
Total recurrent expenditure – N133.235 billion
Total Capital Expenditure – N152.695 billion
Total revenue – N 285.930 billion