Appraisal of the Factors Contributing Disparity in Budget Proposal and Implementation

Onaolapo, A. R.; Olaoye, Festus Oladipupo

doi:10.12816/0002334

Cited by 2 publications

(4 citation statements)

References 2 publications

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“…Growth is often seen to be related to proper budget execution. More specifically, using suitable fiscal policies under certain conditions may promote economic growth and development (Onaolapo & Olaoye, 2013) [15] .…”

Section: Budget Execution and Economic Developmentmentioning

confidence: 99%

Capital budgeting and infrastructural development Nigeria

Oge¹,

Adejuwon²

2022

Int. J. Res. Hum. Resour. Manage.

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The study assesses Nigeria's infrastructure development and capital budgeting execution. A substantial correlation between the dependent and explanatory factors was found using Pearson Correlation Analysis, which assessed the link between the study's dependent variable and explanatory variables. In contrast, generalised least square regression was used to assess the study's assumptions. The study determined that the explanatory variables accounted for 40% of infrastructure improvements via the deployment of capital budget implementation, resulting in a coefficiency determination of 40%. A generalised least square regression study revealed that capital budgeting adoption has a favourable and substantial impact on the housing, transportation, and technology sectors. The results conclude that allocating funds from the capital budget for infrastructure development would increase the availability of fundamental public goods for the populace. Therefore, the government should make serious efforts at all levels to establish enough budget allocations for the provision of health care in Nigeria to improve noticeably. Similar improvements would be made to the energy supply if the requisite fiscal commitments could be made. Budgetary resources should also pay special attention to the road sector and healthcare services. Additionally, it is advised and consistent with development theory that the Nigerian government minimise its reliance on outside funding for infrastructure improvements and instead create homegrown strategies to stop infrastructure deficits.

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Section: Budget Execution and Economic Developmentmentioning

confidence: 99%

Capital budgeting and infrastructural development Nigeria

Oge¹,

Adejuwon²

2022

Int. J. Res. Hum. Resour. Manage.

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“…The study recommended that spending review could be necessary, and that expectations management will be fundamental to at least maintain confidence. Onaolapo and Olaoye (2013) appraise factors contributing disparity in budget proposal and implementation. The study examined the behavioural aspect of budget implementation disparity in Ekiti state.…”

Section: Empirical Reviewmentioning

confidence: 99%

“…There is growing concern on the issue of poor budget implementation at federal, state and local government levels especially in third world countries. Reason for this ever increasing concern of budget implementation could stems from the central role of budgeting in the accomplishment of economic and non-economic governmental goals (Samuel & Wilfred, 2009;Onaolapo & Olaoye, 2013). As a comprehensive outline of activities geared toward a predetermined objectives, budgeting entail both revenue and expenditure projection which require effective implementation if the desired end must be attained.…”

Section: Introductionmentioning

confidence: 99%

“…The reality in Ekiti state reflect the affirmation of Arogundade and Olaoye (2016) that actual revenue generated within a state goes a long way in the determination of budget performance and implementation needed to trigger rapid development. In Nigeria the discourse of budget implementation/performance had drawn sizeable empirical attention over the years (Ugoh and Ukpere (2009);Ojo (2012); Obara (2013); Onaolapo and Olaoye (2013); Edame and Ejue (2013); Okpala (2014); Ibanichuka and Oyadonghan (2014); Ogujiuba and Ehigiamusoe (2014); Ekhator and Chima (2015), Arogundade and Olaoye (2016), Oladele and Olaoye (2016) ;Onyiah, Ezeamama, Ugwu, and Mgbodile (2016). However, none of these studies focused on the assessment of the nexus between internally generated revenue and budget implementation at state level.…”

Section: Introductionmentioning

confidence: 99%

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Effect of Internally Generated Revenue on Budget Implementation in Ekiti State

Olatunji¹,

Dominic²

2019

AFA

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The study examined the effect of internally generated revenue on budget implementation in Ekiti State. Specifically the study analyzed trends of components of internally generated revenue in Ekiti state including taxes, fines & fees, licenses, earnings and sales, interest and dividend, evaluated the relative impact of internally generated revenue components on budget implementation, and also analyzed the causal relationship between internally generated revenue components and budget implementation in Ekiti state. The study made use of time series secondary data sourced from the annual budget of Ekiti state for a period of ten years spanning form 2007 to 2016. Data collated were analyzed with trend analysis, descriptive analyzes, correlation analysis, ordinary least square regression analysis and granger causality analysis. Result revealed that components of internally generated revenue in Ekiti State has increased considerably over the last ten years, relative impact of taxes on expenditure implementation stood at 4.754741(p=0.6232 > 0.05), relative impact of fines and fees on expenditure implementation stood at 0.354370 (P=0.9624 > 0.05), relative impact of licenses on expenditure implementation stood at 1.312830 (p=0.8427 > 0.05), relative impact of earnings and sales on expenditure implementation stood at 0.166495 (p=0.9877 > 0.05), relative impact of interest and dividend on expenditure implementation stood at 2.478020(p=0.7849 > 0.05), and that there is no causal relationship between components of internally generated revenue and expenditure implementation in Ekiti state. It was concluded that though internally generated revenue components identified in the study trended predominantly upwards over the last ten years, their relative impact on the level of budget implementation is not significant. More so the study established that there is no causal relationship between components of internally generated revenue and budget implementation. The study therefore recommended that Ekiti State Government should device a new framework for boosting the level of internally generated revenue in the state, in such a way that potentials and resources lying unused in the state will be harmonize to foster effective and efficient budget implementation. Government in the state should devise an Information Technology driven revenue mobilization mechanisms to ensure that revenue generated from all sources such as taxes, fines & fees, licenses, earnings & sales, interest and dividend are monitored and properly accounted for, also there is need for reduction of external borrowing that can culminate into excessive deduction in the statutory allocation, which could dampen the capacity of sustaining efficient level of budget implementation in the state.

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Appraisal of the Factors Contributing Disparity in Budget Proposal and Implementation

Cited by 2 publications

References 2 publications

Capital budgeting and infrastructural development Nigeria

Capital budgeting and infrastructural development Nigeria

Effect of Internally Generated Revenue on Budget Implementation in Ekiti State

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