Effect Of Tax Revenue On Capital Budget Implementation In Ekiti State, Nigeria

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Abstract

This study aims to examined the effect of tax revenue on capital budget implementation in Ekiti State. Specifically, the study sought to analyze the effect of indirect, direct, and total tax revenue on capital budge implementation. Data for the study was collected through secondary source from Etiti state Internal Revenue Service, and CBN statistical bulletin between periods of 1990 and 2018. A longitudinal research design was adopted. Data collected were analyzed using a linear regression method to explain the relationship between variables of tax revenues (direct and indirect) (independent variable), capital expenditure (dependent variable). The results revealed a statistically significant positive effect of indirect tax revenue on capital expenditure with a p-value of 0.0008 ˂0.05, R2=0.3345 and Adjusted R2 of 0.3107. The regression results further revealed that the relationship between the tax revenues, total tax revenues and capital expenditure are not statistically significant with a p-value of 0.2997 and 0.0848 ˂0.05,R2 =0.03835, 0.1023 and Adjusted R2 of 0.0703 and 0.0703 respectively. The study concludes that revenue generated from tax has no impact on capital expenditure allocation. The study therefore, recommends that the state government should establish a governing council to oversee revenue and expenditure, thus mitigating discrepancies between planned and actual fgures. Additionally, embracing tax audit and investigation practices would foster voluntary compliance and enhance transparency among taxpayers in fullling their tax obligations promptly.

Table of Content

Chapter One:

Introduction

  • 1.1 Background of the Study
  • 1.2 Statement of the Problem
  • 1.3 Objective of the Study
  • 1.4 Research Questions
  • 1.5 Research Hypothesis
  • 1.6 Significance of the Study
  • 1.7 Scope of the Study
  • 1.8 Limitation of the Study
  • 1.9 Definition of Terms
  • 1.10 Organization of the Study

Chapter Two:

Review of Literature

  • 2.1 Conceptual Framework
  • 2.2 Theoretical Framework
  • 2.3 Empirical Review

Chapter Three:

Research Methodology

  • 3.1 Introduction
  • 3.2 Research Design
  • 3.3 Scope and Data Source
  • 3.4 Model Specification
  • 3.5 Method of Data Analysis

Chapter Four:

Results and Discussion

  • 4.1 Descriptive Analysis
  • 4.2 Multivariate Analysis
  • 4.3 Univariate Analysis
  • 4.4 Regression Analysis
  • 4.5 Discussion of Findings

Chapter Five:

Summary, Conclusion and Recommendation

  • 5.1 Summary
  • 5.2 Conclusion
  • 5.3 Recommendation
  • References

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