EFFECT OF PUBLIC EXPENDITURE MANAGEMENT ON ACCOUNTABILITY AND DEVELOPMENT IN NIGERIA
Journal Title: European Journal of Business and Social Sciences - Year 2016, Vol 5, Issue 5
Abstract
Public spending on capital and recurrent spending has a significant implication on public revenue which makes effective management quite imperative in a bid to foster accountability that can create enabling environment conducive for socio economic development in Nigeria. Public expenditure management is a major instrument of economic policy aimed at achieving three goals which are: fiscal discipline, resource allocation and operational efficiency. Similarly, these three goals intend to foster expenditure control, prioritization in budgetary allocation and good operational management. This paper asserted that public expenditure management is a catalyst for fostering development in every country, Nigeria inclusive, against the backdrop of pursuing economic policies that can fast track growth and development, allocation of financial resources to priority areas can only provide optimal results when there is an effective control measures which is one of the goals of expenditure management. A thematic review of current literature on facets of public expenditure management was conducted to situate the paper within the main stream economic thought and identified the related gaps to be filled. An appropriate methodology that explained source and methods of data collection and analysis was employed. This study deduct that, public expenditure management is set to foster fiscal responsibility, efficient budgetary allocation and following due process in public expenditure. The paper concluded that entrenching public expenditure management regime at all levels of Nigerian government is a prerequisite for improved budget outcomes.
Authors and Affiliations
BAYERO BUKKUYUM KASIM (Ph. D. )| Department of Public Administration Faculty of Management Sciences Usmanu Danfodiyo University, Sokoto - Nigeria E-Mail: bayerokasim@yahoo.com Tel: + 2348069679567
Keywords
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- EP ID EP10794
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