Home Business Covid 19: Bayelsa govt reduces budget

Covid 19: Bayelsa govt reduces budget

by Kunle Awosiyan
bayelsa

The government of Bayelsa state has revised its 2020 budget from N242.1-9 billion  to 183.1-5-5 billion Naira – amounting to 24.3% reduction in the first budget.

This was made known by Governor Douye Diri during the occasion of the citizens’ participatory review of the ‘2020 Consolidation for Prosperity Budget’ – with key stakeholders – due to the devastating impact of COVID 19 pandemic on the state’s economy and the world at large.

The Governor said there was need to review the 2020 budget presented in April – for a factual approach to achieving the developmental aspirations of Bayelsans and improving the quality of life of citizens.

The Governor maintained that the budget, which has deductions in statutory allocation, derivation, VAT, and IGR, did not record any deductions in personnel cost and salaries.

He emphasized that the state does not intend to slash workers salaries, as the government is striving to diversify the economy and increase workers payment once the resources of the state improve.

 

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