This study examines budgetary provision and economic growth in Bayelsa state. The research design used in this research work is ex-post facto. Multiple regression analysis was used to establish a long run relationship between budgetary provisions and real gross domestic product in Bayelsa state. In the short run, the study reveals that budgetary provisions has positive impact on economic growth of Bayelsa state is significant and this may be as a result of proper management of funds meant for capital projects in the state. For the re-current expenditure, the impact has been consistently being positive and significant on real gross domestic product in Bayelsa state. Also, the estimated result shows that the joint effect of the explanatory variables is statistically significant. The following recommendations are made based on the researcher’s findings: There is a need for the establishment of an appropriate institution that will be responsible for monitoring the disbursement and the usage of government allocation for the development of manpower in the state. To sustain positive and significant relationship between fiscal policy and manpower development, there is a need for more proactive measures within the public sectors to ensure disbursement and usage of government allocation to the manpower development.
budgetary provision, real gross domestic product, fiscal policy.
International Journal of Trend in Scientific Research and Development - IJTSRD having
online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International
Journal which provides rapid publication of your research articles and aims to promote
the theory and practice along with knowledge sharing between researchers, developers,
engineers, students, and practitioners working in and around the world in many areas
like Sciences, Technology, Innovation, Engineering, Agriculture, Management and
many more and it is recommended by all Universities, review articles and short communications
in all subjects. IJTSRD running an International Journal who are proving quality
publication of peer reviewed and refereed international journals from diverse fields
that emphasizes new research, development and their applications. IJTSRD provides
an online access to exchange your research work, technical notes & surveying results
among professionals throughout the world in e-journals. IJTSRD is a fastest growing
and dynamic professional organization. The aim of this organization is to provide
access not only to world class research resources, but through its professionals
aim to bring in a significant transformation in the real of open access journals
and online publishing.