Revenue allocation formulae: The current revenue allocation formulae is 52.68%‚ 26.72% and 20.60%.for the F.G‚ States and L.Gs respectively | FEDERAL GOVT. | STATE GOVT. | LOCAL GOVT. | | | | | |52.68% |26.72%
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ALLOCATION OF REVENUE (FEDERATION ACCOUNT‚ ETC.) ACT ARRANGEMENT OF SECTIONS SECTION 1. Distribution of the Federation Accounts‚ etc. 1 Formula for distribution between the Federal and State Governments. 1 Formula for distribution between Local Government Councils. 1 Proportion of revenue to be paid by each State to Joint Local Government Account. 1 Allocations under special Funds. 1 Establishment of Federation Account Allocation Committee and functions. 1 Establishment of Joint Local Government
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UNDERSTANDING THE REVENUE ALLOCATION FORMULA New Nigerian September 5‚ Daily Champion Sept.6‚ Daily Trust Sept.7‚ Leadership Sept. 7‚ Sunday Tribune Sept. 10‚ Daily Sun Sept 12‚ Vanguard Sept.15&10‚ Daily Independent October 4‚ 2006 It was my last official outing as Head of Public Relations at the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) when I joined other members of the Commission to the inauguration of a Special Committee on Revenue Allocation constituted by Federal
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Local Studies With the modern trends of technology nowadays‚ children are prone to harmful effects that gadgetry brings. About 60 to 70% of kids around the world ages 10-17 years old are hooked up to cellular phones. They spend up to 5 or more hours calling‚ sending texts or just playing. Ma. Sheila Escuro(2009) says that‚ “Usage of this gadget can be controllable. Its up to the parents to teach their child to be responsible on their mobile phones‚ to ask them to pay-up when their
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seeking a win-win solution with the Malay municipal government as its ongoing demolition is still far from completion. The Malay government enforced a demolition against portion of the resort in Barangay Yapak‚ Boracay upon the order of the Department of Environment and Natural Resources (DENR). In a press conference Tuesday‚ West Cove lawyers Atty. Axel Gonzales and Atty. Florante Roxas admitted of being helpless with the ongoing action of the government. "What we will do is to file administrative and
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Pacific-Basin Finance Journal 23 (2013) 1–24 Contents lists available at SciVerse ScienceDirect Pacific-Basin Finance Journal journal homepage: www.elsevier.com/locate/pacfin The role of the audit committee and the informativeness of accounting earnings in East Asia Tracie Woidtke a‚ Yin-Hua Yeh b‚⁎ a b Department of Finance‚ Corporate Governance Center‚ University of Tennessee‚ United States Graduate Institute of Finance‚ National Chiao Tung University‚ 1001 Ta-Hsueh Rd.‚ Hsinchu
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Fiscal Federalism and the Growth of Local Government Expenditure in Nigeria (1976 – 2006): A Structural Analysis By Muhammed Tanimu NSU/ADM/Ph.D./032/10/11 A Seminar Paper Presented in partial fulfillment of the requirement for the award of Ph.D in Public Administration to the Department of Public Administration‚ Faculty of Administration‚ Nasarawa State University‚ Keffi 2012 Abstract The paper highlights and assesses the nature‚ quality‚ value of particular issues and matters that have
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Expenditures and Revenues Matrix August 5‚ 2013 AJS 522 Importance of Informed financial decisions There are three different levels of the government who assesses the budgets on a federal‚ local‚ and state budget. The government’s finance team goes over the budget and decides how to distribute the funds. It is very important when distributing money from the tax payers funds. The tax payers money has to be used correctly or when reelection comes around the tax payers may not reelect
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Work Ethics Generation By Generation A Pakistani generation is defined by the common attitudes‚ experiences and preferences that develop in the context of social and economic events of a defined period of time. Generations typically are associated with birth year ranges. Generational commonalities transcend cultural and gender differences. The social and economic influences that create popular culture are experienced by all within a generation‚ even though culture and gender play a role in how the
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Expenditures‚ Revenues‚ and Budgets Expenditures‚ Revenues‚ and Budgets AJS 532 Expenditures‚ Revenue‚ and Budgets Budgeting is an important subfield of public administration (Tyer & Willand‚ 1997). A budget system balances expenditures and revenues (Smith & Lynch‚ 2004). In public budgeting‚ revenues are funded by sources. These such sources are fees and special assessment‚ lotteries‚ and public‚ and other miscellaneous revenue. Another important factor of budgeting
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