Ondo State government has appealed to residents to pay all taxes and levies to enable it fund the 2022 budget of one hundred and ninety-nine billion Naira successfully.
The Commissioner for economic planning and budget, Mr Emmanuel Igbasan made the appeal while analysing the 2022 budget in Akure.
Mr Igbasan who was in company of the commissioner for finance, Mr Wale Akinterinwa noted that even though government hoped to fund the budget through monthly federal allocation, Independent revenue and other revenue sources, prompt payment of taxes as well as levies would make the task of implementation easier.
Igbasan said “to deliver more dividends of democracy for the people of Ondo State, Governor Oluwarotimi Akeredolu, had reiterated the need for the people to support government initiatives through the payment of taxes.
“Let me reiterate that everyone living and earning income or have significant economic presence in the state must pay their taxes as and when due.
“By so doing, we will have the moral right and justification to enjoy public facilities provided by government and demand accountability from our leaders,” Igbasan said.
The commissioner observed that the policy thrust and priorities of government in the 2022 fiscal year was aimed at streamlining sectoral projects within the Scope of the medium term expenditure framework.
“The N110.9b revenue from other sources, as said by him, would come from cash reserve, special FAAC allocations, excess crude, short-term borrowing/domestic, long-term borrowing, grants and health insurance contributions” He said
The Commissioner opined that the performance and project implementation monitoring unit had been set up to ensure that the 2022 budget tagged “budget of economic re-engineering” was implemented to the benefit of Ondo state people.
Speaking on payment of salaries, wages and increment within the fiscal year, Mr Igbasan said over Fifty-four billion Naira had been earmarked for such purpose.
“the sum of N44.047 billion or 22.10% of total recurrent vote has been earmarked for salaries and wages for the year 2022 Budget. This represents a 4.31% increase over the 2021 provision of #42.228 billion.
“This will take care of promotion, annual increments and salary arrears that might be paid in the course of the year.
“Grants and Contribution: Under this vote, a total of N10.036 billion or 5.04% of recurrent expenditure has been set aside to take care of the salaries of parastatals and Tertiary Institutions across the State.
“It is expected that Tertiary Institutions will generate Internal Revenue to augment their expenses while the grant will complement personnel related costs”..Igbasan submitted.
In a remark, the permanent secretary ministry of economic planning and budget, Mr Bunmi Alade expressed the state government’s readiness to make life more meaningful for residents through effective implementation of the 2022 budget.