Tax Revenue Generation and Economic Growth: A Pre and Post Treasury Single Account Implementation in Nigeria

IF 3 Q2 BUSINESS, FINANCE

Journal of Public Budgeting, Accounting and Financial Management Pub Date : 2023-09-13 DOI:10.56201/jafm.v9.no2.2023.pg21.44

Prof. Madubuko Cyril Ubesie, Igwe Alex Onyeji, Oketa Felix

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Abstract

The main objective of this study is to examine the relationship between tax revenues generated and the economic growth of Nigeria in a pre and post treasury single account implementation era. The study specifically assessed the relationship between Value Added Tax and the economic growth of Nigeria in a pre and post TSA implementation periods. It also determined the relationship between Company Income Tax and economic growth in a pre and post TSA era in Nigeria. The study also verified the relationship between Customs and Excise Duty and the economic growth in Nigeria, in a pre and post TSA implementation period in Nigeria. The population for the study was Nigerian economy and the sample size was six years of pre TSA era and Six years of post TSA implementation era. This sample was selected because TSA is just six years old in Nigeria and to compare the pre and post, the researcher had to take the same number of years for meaningful comparison. Three hypotheses were formulated for the study in null form using the Gross Domestic Product(GDP) as the dependent variable on Tax revenues comprising Value Added Tax(VAT), Company Income Tax (CIT) and Customs and Excise Duty (CED) which are the independent variables. Data for the study was collected from statistical records and bulletins from Central bank of Nigeria and Federal inland revenue bulletins as secondary data for the period of the study. The analysis tool for the study was a Regression and correlation analysis tools which aimed at establishing the relationship between the economic growth of Nigeria and the Tax revenue sources used as the independent variables prior to the introduction of TSA and after the introduction of TSA in Nigeria. The result shows that before the implementation of TSA, VAT has a positive and insignificant effect on the GDP while CIT had a positive and insignificant effect on GDP and CED had a negative and insignificant effect on GDP in Nigeria. On the post TSA implementation

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税收产生与经济增长:尼日利亚财政单一账户实施前后

本研究的主要目的是研究尼日利亚在财政单一账户实施前和后时代产生的税收收入与经济增长之间的关系。本研究特别评估了增值税与尼日利亚实施TSA前后经济增长之间的关系。它还确定了公司所得税和经济增长之间的关系在尼日利亚前和后TSA时代。该研究还在尼日利亚实施TSA前后验证了海关和消费税与尼日利亚经济增长之间的关系。研究的人口是尼日利亚经济，样本量是前TSA时代的六年和后TSA实施时代的六年。之所以选择这个样本，是因为TSA在尼日利亚只有6年的历史，为了比较前后的情况，研究人员不得不采取相同的年数进行有意义的比较。本研究以零形式提出了三个假设，使用国内生产总值(GDP)作为税收收入的因变量，包括增值税(VAT)，公司所得税(CIT)和海关和消费税(CED)，这是自变量。本研究的数据收集自尼日利亚中央银行的统计记录和公报以及联邦内陆收入公报，作为研究期间的次要数据。本研究的分析工具是回归和相关分析工具，旨在建立尼日利亚在引入TSA之前和之后作为自变量的税收来源与尼日利亚经济增长之间的关系。结果表明，在实施TSA之前，尼日利亚增值税对GDP的影响为正且不显著，CIT对GDP的影响为正且不显著，CED对GDP的影响为负且不显著。关于后TSA的实施

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Public Budgeting, Accounting and Financial Management Social Sciences-Public Administration

CiteScore

7.80

自引率

19.40%

发文量

期刊介绍： Published four times a year, the Journal of Public Budgeting, Accounting & Financial Management (JPBAFM) is an international refereed journal which aims at advancement and dissemination of research in the field of public budgeting, accounting, auditing, financial and performance management. The journal is committed to be an outlet for rigorous conceptual and empirical works aimed at challenging and innovating the field of accounting, management and governance in entities operating in the public sphere or public-private sphere (territorial government entities, universities, schools, hospitals as well as state-owned enterprises, hybrid organizations, public and private partnerships, non-profit organizations, NGOs, etc.).