Budget Implementation and Economic Growth in Nigeria

Reference code: C093

ABSTRACT

This research project is an empirical investigation into Public Sector Budget Implementation and Performance of the Economy in Nigeria. The study covered a period of thirty four (34) years: 1981-2016. In order to achieve the objectives of the study, data was collected from Central Bank of Nigeria statistical Bulletin, two (2) hypotheses were formulated and tested using the ordinary least squares method of the multiple regression analyses. The results of the data analyses indicated that: both recurrent and capital expenditure of the federal government were positively related to the performance of the economy although only recurrent expenditure was statistically significantly in explaining economic performance. On the basis of our findings, we make the following recommendations: The federal government should increase its budgets in the area of capital expenditure. The government should also endeavour that proper and complete implementations on the budget with regards to infrastructural development mostly at the grassroots is made. The government should also introduce measures that will bring about an optimal level with reference to the relationship between capital and recurrent expenditure. This is because the current system seems to favour the recurrent expenditure.

BACKGROUND TO THE STUDY

...................... budgeting can be viewed from several perspectives which include: As an allocation mechanism whereby a significant proportion of the nation’s resources and channels into effort decided upon in the government sectors. 

As a process for organizing the appropriation of money by elected leaders from specific purposes. As a stylized interaction among groups of governmental elites, all of whom have specific particular budgeting outcomes. As a technical tool for controlling expenditures, for managing agencies for planning programs. As a ritual in which many political and government figures go through the paces leading to a nearby-fore ordained concluding processes. As plain simple polities, by which is meant “who gets what, when and how”. 

Finally, as a measurement of certain outputs of the government. While each of these perspectives may appeal in differing degree to each reader to understand the phenomenon of budgeting, one must understand all of them. This research work therefore seeks to examine how budgeting and budgetary implementation affects the growth of the economy ...................

STATEMENT OF THE PROBLEM 

A budget is a framework for revenue and expenditure outlays over a specified period usually one year (Olurankise (2012)). It is an instrument stipulating policies and programmes aimed at realizing the development objectives of a government. Meigs and Meigs, (2004) defined budgets as a comprehensive financial plan, setting forth the expected route for achieving .............. 

TABLE OF CONTENTS

CHAPTER ONE: INTRODUCTION
1.1 BACKGROUND OF THE STUDY - 1
1.2 STATEMENT OF THE PROBLEM 3
1.3 PURPOSE OF THE STUDY - 5
1.4 RESEARCH QUESTIONS 5
1.5 RESEARCH HYPOTHESES 6
1.6 SIGNIFICANCE OF THE STUDY 6
1.7 LIMITATIONS OF THE STUDY 7
1.8 SCOPE OF THE STUDY - 7
1.9 DEFINITION OF TERMS - 8
1.10 ORGANIZATION OF THE STUDY - 9

CHAPTER TWO: REVIEW OF LITERATURE
2.0 INTRODUCTION - - - 12
2.1 THEORETICAL LITERATURE - - 12
2.2 BUDGETING AND APPROPRIATION PROCESS 23
2.3 FORECASTING AS A BUDGETING TOOL - 29
2.4 IMPLEMENTATION/PERFORMANCE-BASED BUDGETING IN NIGERIA 32
2.5 REVIEW OF EMPIRICAL LITERATURE - 41

CHAPTER THREE: RESEARCH METHODOLOGY
3.0 INTRODUCTION - - - 54
3.1 RESEARCH DESIGN - - - 54
3.2 SAMPLE SIZE DETERMINATION - 55
3.3 DATA COLLECTION METHOD - - 55
3.4 OPERATIONAL MEASURES OF VARIABLES 55
3.5 DATA ANALYSIS TECHNIQUE - - 56 

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
4.0 INTRODUCTION - - - - 59
4.1 DATA PRESENTATION - - - 59
4.2. DATA ANALYSIS AND INTERPRETATION OF RESULTS 64
4.3 HYPOTHESES TESTING - - - 65

CHAPTER FIVE: DISCUSSION OF FINDINGS, CONCLUSION AND RECOMMENDATION
5.0 INTRODUCTION - - 67
5.1 DISCUSSION OF FINDINGS 67
5.2 CONCLUSIONS - -- 69
5.3 RECOMMENDATIONS - - -70
BIBLIOGRAPHY - - 71
APPENDICES - - 77


Reference code: C093
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Reference code: C093

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