FIRS to spend N2.8bn on uniforms, N550m on meals
Get real time updates directly on you device, subscribe now.
The Federal Inland Revenue Service has earmarked the sum of N2.8bn for “uniforms and clothing” for the year 2022.
The tax body has also budgeted about N550m for refreshments and N200m for sporting activities. The FIRS, which is one of the highest revenue generating government bodies, set aside N262.5m for security votes while N17.8bn would be spent on “miscellaneous” expenses.
The details are 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 budget proposal the President, Muhammadu Buhari presented to the joint section 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).
Related Posts
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).
