Government revenue collection and socio-economic growth in Somalia:
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Date
2014-12
Authors
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Journal ISSN
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Publisher
Kampala International University, College of Economics and Management
Abstract
The study was based on government revenue collection and socio economic growth in Somalia a case study of Puntland Bosaso District. In Social - Economics, ~Social - Economic growth” or “Social - Economic growth theory” typically refers to growth of potential output, i.e., production at ‘full employment”. As an area of study, Social Economic growth is generally distinguished from development Social - Economics. The former is primarily the study of how countries can advance their economies.
The objectives of the study were to examine different local revenue collection sources in Bosaso District., to establish the level of Social - Economic growth in Bosaso District and to establish the relationship between local revenue and Social - Economic growth in local governments.
The methods used in this research study were all about questionnaires to collect data structured and unstructured questionnaires were extended to respondents which needed short and precise answers. The researcher used as well, Data was collected, analyzed using statistical computer package called SPSS, to examine and determine degree of relationship between local revenue collection and Social - Economic growth in local government case study of Bosaso District Ban Region.
The study findings established that Bosaso district collects local revenue from different sources and they include licenses and permits, parking fees, fines and penalties, rent and rates, market dues in order to deliver services to the people. There has been low local revenue collection in Bosaso district and this has been due to the harshness of tax collectors, high administrative expenses corruption practiced by revenue officers ,inadequate sources of revenue, political intervention for example tender defaulters who supported politicians during campaigns are being protected by tax authorities, poor enforcement of rules and procedures of collecting revenues, tribalism, low incomes and wealth which reduces the tax base thus leading to low local revenue collection and thus low Social - Economic growth in Bosaso district.
The research recommended that markets and other rental places should be fenced off for the case of locating operations. So in this case those found operating outside the fenced off places should be punished accordingly. Bosaso district should regularly conduct field surveys for taxis, buses and other vehicles operating in gazetted areas so as to set realistic reserve prices. Revenue collection in Bosaso district should be privatized by giving out tenders to individuals or companies to collect revenues on behalf of Bosaso district local government to reduce the increasing rate of tax defaulters.
Description
A Research Report Submitted to the College of Economic and Management in Partial Fulfillment of the Requirement for the Award of Bachelor Degree of Economics and Applied Statistic of Kampala International University
Keywords
Government revenue collection, Socio-economic growth, Somalia, Puntland Bosaso district