IMPACT OF FISCAL DISCIPLINE ON PLATEAU STATE GOVERNMENT EXPENDITURE

Nandak Yadok, A. Ismaila, Nkiruka Anene
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Abstract

The main objective of the public sector as part of the macro-economy is the provision of necessary government services to the public in order to achieve macro-economic stabilisation. Fiscal discipline is the application of fiscal rules to achieve deficit reduction and long-term fiscal consolidation. The aim of the study was to examine the impact of fiscal discipline on Plateau state government expenditure and to determine, given the existence of fiscal discipline, if a significant relationship exists between state government expenditure and the following demographic and economic variables: disposable income, population density, inter-governmental revenue, retirement benefit expenditure, and capital expenditure. State government expenditure, if properly deployed, should lead to expansion of public goods and services and the attainment of economic growth and development. The study made use of secondary data which were collected from Plateau State Ministry of Finance and the National Population Commission Jos. The data were analysed using the linear ordinary least square regression analysis. The result shows that state government expenditure has a significant positive relationship with disposable income, intergovernmental revenue and retirement benefit expenditure, a significant negative relationship with population density and capital expenditure. It was concluded that (i) state government expenditure is not geared towards the expansion of public goods and services that will enhance growth and development (ii) economies of scale in the production and provision of government services is yet to be attained and (iii) state government expenditure is incurred in order to implement possible fiscal discipline mechanisms of balanced-budget or deficit reduction. The study recommends that fiscal discipline mechanisms should be implemented only to the extent that the decision does not constrain expenditure on public goods and services that may result in growth and development
财政纪律对高原邦政府支出的影响
公共部门作为宏观经济的一部分,其主要目标是向公众提供必要的政府服务,以实现宏观经济的稳定。财政纪律是运用财政规则来实现赤字削减和长期财政巩固。本研究的目的是检验财政纪律对高原邦政府支出的影响,并确定在财政纪律存在的情况下,邦政府支出与以下人口和经济变量之间是否存在显著关系:可支配收入、人口密度、政府间收入、退休福利支出和资本支出。国家政府的开支如果部署得当,应导致扩大公共产品和服务,并实现经济增长和发展。该研究使用了从高原州财政部和国家人口委员会收集的二手数据。采用线性普通最小二乘回归分析对数据进行分析。结果表明,国家财政支出与可支配收入、政府间收入和退休福利支出呈显著正相关,与人口密度和资本支出呈显著负相关。得出的结论是:(1)州政府支出没有面向能够促进增长和发展的公共产品和服务的扩张;(2)政府服务的生产和提供尚未达到规模经济;(3)州政府支出是为了实施平衡预算或减少赤字的可能的财政纪律机制。该研究建议,财政纪律机制只有在决策不限制可能导致增长和发展的公共产品和服务支出的情况下才能得到实施
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