Abstract
The study aims to investigate the relationship between government revenue size and actual expenditure through the closing account result of the Jordanian government. To achieve this aim, the study performs an analytical study based on the descriptive analytical approach to identify the relationship between the revenues size and the actual expenditure through the closing account result of the Jordanian government. In doing so, the study relied on several scientific references related to the different variables of the study depending on the selected related literature and previous studies. Statistical methods were also used to analyze the data of the study in the form of actual data obtained from the general budget department and the related information published by the ministry of finance in Jordan (2007-2016). The results of the study indicated the finding of a statistical significant correlation between the revenues size variables and the total actual expenditure, from one side and the final government report (surplus, deficit) in Jordan, on the other side. There was also a reverse correlation between the actual revenues size and the size of foreign grants from one side and the final government report (surplus, deficit) in Jordan, on the other side. There was a positive and significant correlation between the current expenditure and the actual capital expenditure coming from the closing government account (surplus, deficit) in Jordan. The most significant recommendations suggested by the study are the need to develop and enhance internal and external auditing of the collected revenue dues using effective methods; working on listing all incoming foreign grants in the general budget to be subjected for auditing, developing, increasing internal, external auditing on the current expenditure waste, and feasibility of the capital expenditure.
Highlights
Government general budget consider very importance part in the government accounting system, considering the size of this budget, the method of covering the various revenues items of the expected revenue within the budget's fiscal year
The financial deficit is one of the major problems facing the Jordanian government as it has become a challenge for the successive Jordanian governments, which sheds light on the significance of this study as it attempts to identify the relationship between the revenues elements related variables and the actual expenditure variables represented by the domestic revenues, the foreign grants, the current expenditures, and the capital expenditures through the closing account result of the Jordanian government
The analysis has shown that, in the long run, there is a non-directional causality moving from government expenditures towards government revenues
Summary
Government general budget consider very importance part in the government accounting system, considering the size of this budget, the method of covering the various revenues items of the expected revenue within the budget's fiscal year. Decreasing the size of fiscal deficit is one of the major problems facing the Jordanian consecutive governments; leading to major community debate. The Jordanian governments have been seeking to decrease the deficit by adopting various methods, which aims to increase the domestic revenues by raising taxes and fees, improving taxes and fees collection procedures, obtaining domestic and foreign loans, seeking to obtain grants and aids, control government expenditures using downsizing, and mentoring mechanisms on the implementation of general budget. This study is an attempt to identify the relationship between the variables of actual revenues and expenditures in the form of domestic revenues, foreign grants, current expenditures, and capital expenditures by calculating the final report of the state (surplus, deficit)
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