International Journal of Economics and Business Administration
Articles Information
International Journal of Economics and Business Administration, Vol.5, No.4, Dec. 2019, Pub. Date: Dec. 25, 2019
The Impact of Internally Generated Revenue on Total Expenditure of Gombe State-Nigeria
Pages: 177-184 Views: 237 Downloads: 99
Authors
[01] Mohammed Ibrahim, Department of Accounting, Faculty of Arts and Social Sciences, Gombe State University, Gombe, Nigeria.
[02] Kanu Ozioma, Department of Accounting, Faculty of Arts and Social Sciences, Gombe State University, Gombe, Nigeria.
Abstract
The collapse of global prices of crude oil has its toll on the Nigerian economy. In Nigeria, federal, state and local governments have been looking for how to come up with effective solution to the declining economy, created by fall in prices of oil as main income generating activities of the nation. The effect on such fall is manifested in lack of capacity of meeting statutory obligations due to the decline in share of revenues from the central government. This study assessed the impact of internally generated revenue on total expenditure of Gombe state for the period of 2008-2018. Secondary data were collected from the Office of the Accountant General of Gombe state through the annual reports and account. Descriptive statistics and Ordinary Least Square (OLS) regression and was used in analyzing the data. A major finding of the study was that, internally generated revenue displayed a positive and significant influence on total expenditure of Gombe state. Showing that, IGR contribute significantly to total expenditure of Gombe state. Based on the findings of the study, it was recommended that; government should come up with strategies backed up with strong and effective policies that will eradicate sharp practices in government system, people with outstanding integrity should be given opportunity to occupy government positions, rewarding hardworking revenue staff, punishing those found to misappropriate revenue meant for government, introduction of modern technology that will make diversion and embezzlement of funds difficult if not impossible and prosecuting citizens not playing their civic responsibilities.
Keywords
Expenditure, Government, Internally Generated Revenue (IGR), State, Taxation
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