Yenagoa - Gov. Seriake Dickson of Bayelsa said the state government’s wage bill of N4.3 billion for June was too heavy.
The governor stated this when he presented the financial profile of the state for the month of June at the monthly transparency media briefing on Friday in Yenagoa.
According to him, expending N4.3billion on workers’ salaries is unsustainable for the economy of Bayelsa.
He said that the state government’s wage bills "over the months remain a sour point in our financial balance sheet’’.
"I disagree with this figure of N4.3billion because it is not sustainable for our economy.
"We must come together and do something urgently to reduce this figure. We have to do something if we must grow our economy,’’ Dickson said.
The governor said that N2.6 billion was received by the state government as statutory allocation from the federation account for the month of June.
He said the total derivation of the state was N9.39 billion, and that the total financial inflow to the state stood at N19.09 billion.
Dickson further explained that while the state government had continued to spend huge amount of money to run the government, the internally-generated revenue (IGR) remained minimal.
According to the governor, the IGR of the state for the month of June was N645.39million.
"While we complain of the huge burden of our workers' salary, our internal-generated revenue had remained poor; we must strive to improve it,’’ he said.
He said the government had in the past one month spent N250 million on payment of money owed retired civil servants by the previous administration.
Dickson said that after making all the payments and deductions, N25.26 billion was left in the coffers of the state as balance at hand.