STATISTICAL ANALYSIS OF THE FEDERAL GOVERNMENT’S EXPENDITURE AND REVENUE
This research work was aimed at carrying out statistical analysis of federal government’s revenue and expenditure 2003-2008. Secondary data was obtained from National Bureau of Statistics. The statistical package used is Mintab. The result of the analysis shows that there is positive and strong relationship between expenditure and revenue 0.938 and the regression equation is expenditure = 123 + 0.367 revenue. The regression equation shows that when the revenue increase, the expenditure also increases.
TABLE OF CONTENTS
Table of Contents
CHAPTER ONE: INTRODUCTION
1.1 Historical Background of the Study
1.2 Aims of the Study
1.3 Objectives of the Study
1.4 Scope of the Study
1.5 Definition of terms
CHAPTER TWO: LITERATURE REVIEW AND STATISCAL TOOL(S)
2.1 Nigerian Economy and oil ….
2.2. Inflation in Nigerian economy
2.3 Effect of the global economic meltdown on the Nigeria economy
2.4 Consolidation in the banking system
2.5 Capital base and bank soundness
2.6 Statistical tools
CHAPTER THREE; METHODOLOGY
3.1 Methods of data collection
3.2 Problems encountered in data collection
3.3 Data presentation
CHAPTER FOUR: DATA ANALYSIS AND DISCUSSION OF THE RESULTS
4.1 Data analysis
4.2 Discussion of result
CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATION
Public finance is a field of economics concerned with how government raises money, how that money is spent and the effect of these activities on the economy and on the society.
Expenditure and revenue of the country fall under the topic, public finance. However, in a developing economy like Nigeria, management of moderate deficit financing is tailored toward useful and development oriented projects. This necessitated me to focus attention on the amount of expenditure and revenue generated in Nigeria over the past years.
Government generates revenue from various economic sectors: these are divided into oil and non-oil revenue:
- Oil Revenue: This is the revenue generated from oil sectors of the economy which comprise:
- Petroleum profit tax and royalties
- Others which include revenue from export sales, domestics sales, tax on petroleum products, rents etc.
- Non Oil Revenue: This is revenue generated from other sectors of the economy other than the oil sector which comprises of:
- Company income tax
- Custom and exercise duties
- Value added tax (V.A.T)
- Federal government independent revenue which comprises revenue from interest payments rents on government properties, personal income tax of armed forces, police, external affair and federal capital residents
- Other which include custom levies, education tax etc.