> The Bayelsa state house of assembly has passed the state’s 2017
> appropriation bill of N243.2 billion.
> The speaker of the House, Mr Konbowei Benson, expressed optimism that
> the funds would be judiciously used to improve the quality of lives of
> the people.
> A breakdown of the 2017 appropriation bill shows that N191 billion was
> projected as revenue from statutory allocation, N6.9 billion from
> value added tax (VAT) and N15.1 billion from independent revenue
> The budget indicated that N8 billion was expected from grants and
> N21.9 billion from internal loans.
> Personnel costs would gulp N52.3 billion, overhead costs N41.3
> billion, while consolidated revenue fund charges N61.4 billion.
> Capital expenditure is to get N88.1 billion.
> The Speaker, Hon. Kombowei Benson urged the executive arm of
> government to ensure proper implementation of the budget.