Ben-Caleb, Egbide (2015) BUDGETARY ALLOCATION AND POVERTY INCIDENCE IN NIGERIA FROM 1980-2010. ICAN Journal of Accounting & Finance, 4 (1). pp. 178-194. ISSN ISSN: 2141-1220
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Abstract
The paucity of public resources amid competing infinite national needs is the fundamental rationale for effective budgetary a/location in the public sector. A((ocation is said to be effective when the resources of the government are channelled to national priority areas such as poverty reduction. This paper therefore set out to establish the short-term association between budgetary allocation and poverty incidence in Nigeria. Four sectors of the economy namely: agriculture, education, health, and transport and communication were selected purposively for investigation. Data relating to national poverty index and budgetary allocation to these sectors were obtained from official government publications for 31 years (1980-2010), and analysed using descriptive statistics, partial correlation and the Ordinary Least Square (OLS) regression techniques. The result revealed an insignificant negative association between budgetary allocation and the incidence of poverty in Nigeria in the short term. Although, the magnitude of the association is inconsequential at 95% confidence interval, the direction of the relationship is in tandem with the underlying theory. To this end, it was recommended that allocation to sectors of the economy with direct impact on the poor such as: agriculture, education, health and transport and communication should be increased. However, actual release of funds should be done promptly to allow for uninterrupted execution of projects, albeit, under watch in order to avoid misdirection of funds
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Budget, budgetary allocation, poverty reduction, short-term, Nigeria |
| Subjects: | H Social Sciences > HF Commerce > HF5601 Accounting |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Management |
| Depositing User: | Mrs Patricia Nwokealisi |
| Date Deposited: | 20 Oct 2015 11:16 |
| Last Modified: | 20 Oct 2015 11:16 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/5601 |
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