Impact of Revenue-Expenditure Gap on Economic Outputs in Kwara State
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Date
2024-08-01
Journal Title
Journal ISSN
Volume Title
Publisher
Afropolitan journals 2024
Abstract
Internally Generated Revenue has emerged in recent times as a crucial aspect of economic
growth and development. Drawing from some of the recent literature on public expenditure, this
study estimated the impact of revenue-expenditure gap on output in Nigeria with a case study
of Kwara State. The study employed Auto-Regressive Distributed technique on data obtained
from the Kwara State Ministry of Finance, Planning and Economic Development for its analysis.
The results of the study shows that it has been an upward trend in the revenue-expenditure gap
in Kwara State. The implication is that the government expenditure has been more than its
revenue and later translated into deficit budget for the state. The findings also indicate that this
gap slow the growth of economic outputs in Kwara State. Therefore, the Nigerian government
should take urgent and adequate steps to increase their internally generated revenue.
Keywords: Revenue-Expenditure Gap, Economic Development, Estimation, Nigeria.
JEL Classification: C13, H50, O10