Effect of Revenue on Budget Implementation in Ekiti State, Nigeria

Student: Folasade Comfort Olaniyi (Project, 2025)
Department of Accounting
Ekiti State University, Ado-Ekiti, Ekiti State

Abstract

This study investigated effects of revenue on budget implementation in Ekiti state, Nigeria for the period 2005 – 2023. Data were sourced from the Central Bank of Nigeria (CBN) Statistical Bulletin (2017). Budget implementation was adopted as the dependent variable while statutory allocation (STA), internally generated revenue (IGR) and value added tax (VAT) were adopted as the independent variables. The descriptive statistics which include mean, maximum, standard deviation, were used to test the variables. The results revealed that IGR has a mean value of 4.32 which indicates that the use of revenue in budget implementation has been on the increase. The result shows that budget implementation is positively related with statutory allocation and value added tax but negatively related with internally generated revenue. IGR has negative relationship with STA, this reveals that the more IGR, the lesser the use of STA. The study thus recommended amongst others that STA which have a positive effect on budget implementation should have more mobilization. It is also recommended that there should be a review on charges paid from IGR.

Keywords
REVENUE BUDGET IMPLEMENTATION EKITI STATE
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