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Statistical Analysis Of The Federal Government’s Expenditure And Revenue From The 2003 – 2008
[A CASE STUDY OF NATIONAL BUREAU OF STATISTICS, KADUNA STATE]
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1.2 AIM OF THE STUDY
To
conduct a statistical study into public finance of the federation, that
is revenue and expenditure of the federal government of Nigeria
(2003-2008) using regression analysis.
1.3 OBJECTIVES OF THE STUDY
1. To have an insight of the amount of revenue generated and expenditure for the period of 2000-2011
2. To show the relationship between revenue and expenditure using correlations analysis
3. To determine the degree of the occurrence between expenditure and revenue using correlation analysis.
4. To forecast for future revenue and expenditure using time series analysis
5. To make necessary recommendation on the analysis
1.4 SCOPE OF THE STUDY
The
study will be based only on the revenue and expenditure of the federal
government for the period. The data on this project work is given in
billions of Naira and it is only an annual basis.
Data refers to the
collection of specific information, it is collected to enable the
researcher understand the environment under study and to achieve
specific objective.
The data in this project work collected from
National Bureau of Statistics (NBS). It is a secondary data extracted
from their statistical bulletin.
1.5 DEFINITION OF TERMS
Public
Finance: This is a field of economics concerned with how government
raises money, how that is spent, and the effects of these activities on
the economy and on the society.
Budget: This is a forecast of expenditure and revenue for a specific period of tie.
Revenue: This is the income of a government from all sources, used to pay for a nation’s expenses.
Recurrent revenue: This includes tax receipts and non-tax receipts within the fiscal year.
Capita revenue: This covers receipts from non financial assets used in production for more than one year.
Expenditure: This is an outflow of resource from government to other sectors of the economy, whether required or unrequested.
Recurrent expenditure: Are payments for non-payable transaction within one year.
Capital expenditure: Are payments for non-financial assets used in production process for more than one year.
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