Federal Government Recurrent Expenditure and the Nigerian Economy
Author(s)
OSUJI, Casmir Chinemerem (Ph.D) ,
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Abstract
this study looked into the impact of federal government recurrent expenditure on economic growth in Nigeria for the period 1981-2017. Time series data included in the Model were those on the gross domestic product (GDP) and various components of federal government recurrent expenditure. The analysis was based on data got from the Statistical Bulletin of the Central Bank of Nigeria. Results of the analysis revealed that Nigeria federal government recurrent expenditure in economic services, social community services, and transfers has a positive impact on the Nigerian economic growth while the administration had a negative impact during the Study Period. The Nigeria federal government recurrent expenditures in administration, social community services, economic services, and transfers had a positive relationship with GDP. The study concluded that the federal government recurrent expenditure in administration, economic services, and social community services and transfers have an impact on the economic growth in Nigeria. Consequently, the study recommended more allocation of budgeted expenditures to the federal government recurrent expenditures in economic services, transfers, and social community services as appeared in the result while recurrent expenditure on administration should be reduced since the result showed a negative impact on the GDP
Keywords
Expenditure, Recurrent, Budgeting, Growth, allocation
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