Bayelsa State
Budget Analysis 2024
Total Budget
₦489,443,632,374
489 Billion 443 Million Naira
Expenditure Split
Recurrent
₦224,436,532,374
224 Billion 436 Million Naira
Capital
₦265,007,100,000
265 Billion 7 Million Naira
Budget Allocation by Sector
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Education
₦3,710,500,000
0.8%
Health
₦14,000,000
0.0%
Infrastructure
₦26,873,500,000
5.5%
Agriculture
₦0
0.0%
Security
₦8,335,200,000
1.7%
Budget Insights
Key observations from Bayelsa State State's 2024 budget
Budget Overview
Bayelsa State State's total budget for 2024 is 489 Billion 443 Million Naira. This budget has a deficit of ₦62,625,000,000.
Expenditure Distribution
The budget prioritizes capital expenditure (54.1%) over recurrent expenditure (45.9%).
Sector Priorities
The highest allocation goes to the infrastructure sector with 26 Billion 873 Million Naira (5.5% of total budget). The lowest allocation is for the agriculture sector with undefined Naira (0.0% of total budget).
Revenue Sources
The primary source of revenue is FAAC at 375 Billion 249 Million Naira (76.7% of total budget).
Budget Glossary
Key terms and definitions related to state budgets