By The Federal Inland Revenue Service (FIRS), on Sunday, revealed that the sum of N2.8bn has been budgeted for “uniforms and clothing” for the year 2022.
The tax body also revealed a N550m budget for refreshments and N200m for sporting activities, while setting aside N262.5m for security votes, and N17.8bn for “miscellaneous” expenses.
Details of FIRS’s financial blueprint was included in the 2022 budget proposal the agency submitted separately to the National Assembly.
Already, there are concerns over the cost of governance and the percentage of the annual budget that goes into recurrent expenditure.
In the 2022 proposed budget, President Muhammadu Buhari presented to a joint session of the National Assembly on October 7, a whopping N4.69tn out of the total N16.39tn budget was appropriated for personnel costs and pensions (inclusive of N617.72bn for the 63 GOEs). Also, the overhead cost would gulp N792.39bn (inclusive of N451.0 billion for the 63 GOEs).
Owing to the nation’s scarce resources and low revenue, the Federal Government would spend N3.61tn on debt servicing while it would borrow an additional N6.25tn from domestic and external sources to fund the deficit in the budget.
Meanwhile, the total budget of the FIRS stands at N228bn, surpassing the 2022 budget of the National Assembly (N134bn) and the judiciary (N120bn).
The FIRS budget also surpasses the current 2021 budgets of Abia, Adamawa, Anambra, Bauchi, Benue, Ebonyi, Edo, Ekiti, Enugu, Gombe, Jigawa, Kano, Kebbi, Kogi, Kwara, Nasarawa, Niger, Ondo, Osun, Plateau, Sokoto, Taraba, Yobe and Zamfara states.
Other prosed budget plans by the tax body include; N2.5bn for the purchase of land, N3bn for office furniture, N1.5bn for photocopying machines, N2.04bn for computers, N500m for the construction of sports facilities, N1bn for generator fuel, N250m for maintenance while a separate N550m was set aside for purchasing more generators.
