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ABSTRACT
The study examines the influence of taxes on government capital expenditure. The descriptive method of data analysis was used to analyse the secondary data. In the study we found out that company income tax does not have a significant effect on capital expenditure, Petroleum profit tax does not have a significant effect on capital expenditure and Value Added tax have a significant effect on capital expenditure. We recommend that Government should establish transparent system for allocating tax revenue to specific capital projects based on their socio-economic impact and alignment with national development goals. Prioritize projects that yield long-term benefits and contribute significantly to economic growth and social welfare and also to continuously review and reform tax policies to ensure they are efficient, equitable, and conducive to economic growth. Evaluate the impact of tax incentives and exemptions on revenue generation and adjust them accordingly to strike a balance between encouraging investment and maintaining a sustainable revenue stream for capital projects.
