Effects Of Public Sector Capital Budgeting On Unemployment Ad Inflation Level In Akwa Ibom State
ABSTRACT
Unemployment and inflation are two macroeconomic variables
that are the primary fiscal policy target through public sector capital
budgeting. However, the budgetary impact on both variables produces contrasting
macroeconomic effects which poses a fiscal policy dilemma. This study was
therefore undertaken to empirically ascertain the effect of public sector
capital budgeting on unemployment and inflation level in Akwa Ibom State. The
research made use of primary data to support the statistical analysis. The
primary data was collected from questionnaires that were administered through a
field survey. The data were analyzed using descriptive statistics regression
and ,correlation analysis. The empirical results indicated that unemployment
and inflation level were increasing and significant functions of public sector
capital budgeting, and there was a positive and signfIcant relationship between
unemployment and inflation level. It was recommended that fiscal policy thrust
on unemployment and inflation should be clearly defined in budgetary planning
process, there should be a strict implementation of the capital budget to avoid
leakages, and a strict budgetary control process and variance correction
mechanism built into the budget implementation process.
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ROBERT, I (2021). Effects Of Public Sector Capital Budgeting On Unemployment Ad Inflation Level In Akwa Ibom State. Mouau.afribary.org: Retrieved Nov 29, 2024, from https://repository.mouau.edu.ng/work/view/effects-of-public-sector-capital-budgeting-on-unemployment-ad-inflation-level-in-akwa-ibom-state-7-2
IKPE, ROBERT. "Effects Of Public Sector Capital Budgeting On Unemployment Ad Inflation Level In Akwa Ibom State" Mouau.afribary.org. Mouau.afribary.org, 26 Nov. 2021, https://repository.mouau.edu.ng/work/view/effects-of-public-sector-capital-budgeting-on-unemployment-ad-inflation-level-in-akwa-ibom-state-7-2. Accessed 29 Nov. 2024.
IKPE, ROBERT. "Effects Of Public Sector Capital Budgeting On Unemployment Ad Inflation Level In Akwa Ibom State". Mouau.afribary.org, Mouau.afribary.org, 26 Nov. 2021. Web. 29 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effects-of-public-sector-capital-budgeting-on-unemployment-ad-inflation-level-in-akwa-ibom-state-7-2 >.
IKPE, ROBERT. "Effects Of Public Sector Capital Budgeting On Unemployment Ad Inflation Level In Akwa Ibom State" Mouau.afribary.org (2021). Accessed 29 Nov. 2024. https://repository.mouau.edu.ng/work/view/effects-of-public-sector-capital-budgeting-on-unemployment-ad-inflation-level-in-akwa-ibom-state-7-2