THE GROWTH AND STRUCTURE OF PUBLIC EXPENDITURE IN GONGOLA STATE

  • : Ms Word, Ms Word Format
  • : 77 Pages
  • : ₦3,000 | $25 | ₵60 | Ksh 2720
  • : 1-5 Chapters
  •  
  • Click to DOWNLOAD Materials

THE GROWTH AND STRUCTURE OF PUBLIC EXPENDITURE IN GONGOLA STATE

Abstract:

From 197G/77 to 1990 fiscal years in Gongola State, there had teen expansion and growth of public expenditure. The rapid growth of public expenditure has been round to arise from the government committments to provide sociel, economic and administrative services. Social services such as education, health and sanitation, water supply, roads and housing, and the expansion of the administrative requirement of the state government in terms of employment of qualitative administrators has been Pound to show, significant increase in demand. These were things on which the performance of the government has increasingly come to be judged. Consequently, the state government devoted a large proportion of its annua] budgets to the provision of these basic utilities. The state capital expenditure has been found to be relatively low. This is due to low savings by the government, low tax effort, thus leading to low state internal revenue and the rapidly growing recurrent expenditure. Therefore, the burden of recurrent expenditure in the state imposed severe strain on the budgetary policies and .further complicated future publi c expenditure trends . Undoubtedly, there were several factors which accounted for the accelerated growth rate and the changing pattern of public expenditure. The degree to which each factor has contributed differed significantly. However, the role of federally allocated revenue is highly recognised. The results of the tested hypotheses show that there were high positive and significant correlations between total expenditure and recurrent expenditure; between total expenditure and federally allocated revenue; between total expenditure and population growth, and between total expenditure and rate of urbanisation. There is low positive and significant correlation between total expenditure and capital expenditure, correlation between to total expenditure and state internal revenue, and between total expenditure and rate of inflation gives a low positive and not so significant correlation. Also, the result of the regression analysis gives state internal revenuetfederally allocated revenue and population as the major factors of expenditure growth in the state. The rapid increase in public spending suggests a heightened search for new revenue sources and for us increase in the existing ones. For the budgets to perform their proper roles in the state development process, there is an urgent need for an enhanced efficiency in the management and the control of public expenditure. Recurrent expenditure requires a more

THE GROWTH AND STRUCTURE OF PUBLIC EXPENDITURE IN GONGOLA STATE

Sharing is caring!

Leave a Reply