What are the trends in public expenditure?

What are the trends in public expenditure?

The total state public expenditure has increased with a CAGR of 13.92 per cent from 1981-82 to 2018-19. The public expenditure of the central government of India was 25.27 thousand crores in 1981-82 which increased to 279.34 thousand crores in 1998-99 with a growth rate of 20.38 per cent.

What are the growth of public expenditure in Nigeria?

Public expenditure was ₦701,059.40 billion and rose immensely to ₦4,813,380.00 billion from 2000 to 2016, respectively. Average growth rate of government expenditure was 19.2% between 2001 and 2010 (CBN, 2017. (2017, December). Central bank of Nigeria statistical bulletin.

What is government expenditure in Nigeria?

In 2020, general government total expenditure for Nigeria was 18,672 billion LCU. General government total expenditure of Nigeria increased from 2,510 billion LCU in 2001 to 18,672 billion LCU in 2020 growing at an average annual rate of 12.97%.

What are the determinant of public expenditure?

The studies have identified income per capita, dependency ratio, population, urbanisation, trade openness, foreign aid, and inflation, among others as the determinants of government expenditure.

What kind of spending does the government do in Nigeria?

Nigeria Government Spending Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.

When was the last time Nigeria spent money?

This page provides – Nigeria Government Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Government Spending – values, historical data and charts – was last updated on June of 2021.

How does the public sector work in Nigeria?

Public sector spending differs according to country. That notwithstanding, in Nigeria, public sector involves the services of the military, police force, the primary health care, public roads and other services as may be provided by the government from time to time to improve the welfare of the citizens.

How does public sector spending affect economic growth?

public expenditure that bear significant association with economic growth. There have been various debates among scholars about the relationship between the impact of public sector expenditure and the economic growth in Nigeria. Some scholars agreed that increase in government expenditure on socio- economic activities encourages economic growth.