Academic literature on the topic 'Domestic Resource Mobilization'

This study considered domestic resource mobilisation and allocation to healthcare service delivery due to the high rate of infant deaths in Nigeria. Value addition in the agricultural sector is captured as a major source of revenue which could be channelled towards increased government expenditure in healthcare. As such, the paper applies vector error correction technique on yearly data for the period 1981 to 2015. It investigates the long-run relationship and short-run dynamics between under-five mortality on the one hand, with female literacy, agricultural productivity, tax revenue, and gross capital formation on the other hand. Outcome of the study indicates, from a long run perspective, under-five mortality is positively related to tax revenue, female literacy rate and gross capital formation. However, there is a negative relationship between under-5 mortality and agricultural productivity. Moreover, as Nigeria diversifies away from crude oil towards agriculture, increased productivity and tax revenues could be channelled towards better health outcomes and rural transformation. Furthermore, enhanced management of tax and better budgeting towards the agricultural sector is recommended. In addition, infrastructure development, agro-allied investments will ensure reduction in agricultural waste and supply costs. The outcomes portend significant relevance for meeting Sustainable Development Goals 2, 3, 4, & 10.

This paper is a search light beamed to the investigation of the existing level of domestic resource mobilization, financial access and inclusion for inclusive growth in Nigeria, progressive policy development of government and implementation. Cohesive management of domestic resource mobilization, financial access and inclusion for inclusive growth are the driving force of all vibrant economy of the developed societies of the world, and a panacea to high level productivity of developing nations. Domestic resource mobilization, financial access and inclusion for inclusive growth are elements of political economy; it deals with both micro and macro-economics, with macroeconomics as the branch of economics concerned with the aggregate, or overall, economy. Macroeconomics deals with economics factors such as total national output and income, unemployment, balance of payments, and the rate of inflation, and is distinct from microeconomics, which is the study of the competition of the output such as the supply and demand for individual goals and services, the way they are traded in markets, and the pattern of their relative prices. At the basis of macroeconomics is an understanding of what constitutes national output, or national income, and the related concept of gross national product (GNP), with the GNP being the total value of goods and services provided in an economy during a given period of time, usually a year. This study is aimed at accessing the potentials available to Nigeria through efficient and effective mobilization of domestic resources, access to finance, and inclusion for inclusive growth. Objective of the study is to determine what needs to be done to thoroughly harness domestic resourcemobilization, financial access and inclusion for inclusive growth to galvanize the Nigerian economy. The research question is on the determination of whether domestic resource mobilization, financial access and inclusion help to galvanize inclusive growth. Methodology to be used is primary and secondary data concerning comparative development through domestic resource mobilization, financial access and inclusion for inclusive growth. Results of the finding in the research reveals that there are talents, skills,knowledge and creative skill-banks in Nigeria that are not harnessed because there is not enough support by governments to progressive policies to galvanize the advance lens of the talents, skills, knowledge and creative banks that exist in various corners where there are lots of human resource waste bins). Proffered as solution, is the need for Nigerian government to invest properly and effectively on development strata without discrimination or sentiments.

Foreign and domestic debts have raised questions about fiscal sustainability and implications for sustainable development. One of the major problems in the agricultural sector in developing economies is inadequate capital, despite its centrality to growth and development. This study examines the long-run relationship and the casual relationships between domestic revenue mobilization and agricultural productivity in Nigeria using Auto Regressive Distributed Lag and Granger Non-causality. Using agricultural productivity as the dependent variable, the result revealed that agricultural productivity has a negative long-run relationship with government recurrent expenditure on agriculture and tax revenue, while agricultural credit is not statistically significant. This result indicated that supplementary resource such as foreign aid could be embarked on in the long-run. Reliance on foreign aid may be volatile to the economy, and as well not suitable to achieve long-term goals. So, there is a need to maximize benefit from tax revenue and ensure that resources are allocated to prioritizes right sectors such as the agricultural sector. The causality test revealed that there is a bi-directional relationship between agricultural productivity and tax revenue. The study recommended among others, the need for public finance reforms to increase government revenue and promote growth in the agricultural sector by enhancing the quality of the tax system.

Even though the African continent has recorded the lowest deaths tolls caused by COVID-19, it is one of the slowest continents recovering from the pandemic. The effects of COVID-19 have crippled many developing progresses made prior to the pandemic and the government of many countries in the continent have already utilised the limited financial resources on the on-going crisis. Many African countries are seeking for financial assistance from institutions like the International Monetary Fund (IMF) the African Development Bank (AfDB), the World Bank and many other sources for post COVID-19 development. In financing Africa’s post COVID-19 development, this article will examines domestic public and private and international resource mobilization for Africa’s post COVID-19 development. It argues that both the revenues system of most African countries has to be restructured to ensure effective and efficient tax collection while reallocating more budgets for development. With regard to international resource mobilization, the Special Drawing Rights (SDRs) of the IMF, Foreign Direct Investment (FDI) were analysed. Similarly, the Strategy for Economic Governance in Africa (SEGA) of the AfDB and Agenda 2063 of the African Union (AU) were also examined as models for sustainable post COVID-19 development in Africa. Finally, it argues that financing post COVID-19 development will requires contributions from domestic, international private and public sources but the domestic financial sources should provide most of the funds because borrowing will enslave the borrower to the lender.

One of the critical components of Sustainable Development Goals is to strengthen domestic resource mobilization. The target is to have domestic resources contributing at least 75 percent to 90 percent of the financing required to achieve Agenda 2063 (AU, 2015). In an effort to enhance domestic resource mobilization in Kenya, great emphasis has been placed on Value Added Tax whereby the tax authority endeavors to enhance the contribution of VAT collections to GDP from a mean of 6 per cent to 9 percent of GDP. The study sought to estimate the productivity of VAT over the period 1973-2016 using data collected from Kenya National Bureau of Statistics and Kenya Revenue Authority’s database. OLS method was adopted to estimate buoyancy of VAT while divisia index approach was adopted to estimate elasticity of VAT. The study found that, the VAT system was buoyant with a value greater than one while the elasticity was 0.79 which was less than one implying VAT system was inelastic. The study concluded that the tax reforms adopted during the study period had impacted positively on VAT performance hence the buoyancy value greater than one. Therefore, to mobilize more revenue from VAT, reforms focusing on enhancing VAT compliance and expanding tax base should be emphasised.