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
Related Articles
- EP ID EP10794
- DOI -
- Views 317
- Downloads 21
ENRICHMENT OF EMPLOYEES' SUGGESTION SYSTEM
Since activity environment of organizations is changing rapidly, organizations, in order to survive, should adapt to the conditions, identify all risks and opportunities of external and internal environments and take...
THE MEDIATING EFFECT OF PERCEIVED ETHICAL CLIMATE ON ORGANIZATIONAL COMMITMENT, TRUST AND TURNOVER INTENTION INTERACTIONS: A RESEARCH ON INSURANCE SECTOR
The purpose of this study is to analyze the effects of employees’ trust in leader, organizational commitment to turnover intention. The mediating effect of perceived ethical climate with regard to the relationship b...
REVIEW OF RISK MANAGEMENT TECHNIQUES IN MERGERS & ACQUISITION
The aim of this paper is to identify, assess and prioritize the risks associated with mergers and acquisitions with the aim of deploying focused and coordinated strategies to mitigate these risks. These strategies sho...
THE SOUTH AFRICAN STATE OF THE NATION IN CHAOS: THE WALK FALLS SHORT OF THE TALK. GROWTH IS IN TATTERS AND THE FINANCE MINISTER FAILED TO DELIVER A CREDIBLE 2015 BUDGET ADDING TO THE MISERY OF THE PEOPLE
The paper looks at the chaos in the state of the nation address delivered by the South African State President on the 12th of February, 2015 in Parliament, in the city of Cape Town. There was chaos in Parliament which...
IMPACT OF DEMOGRAPHIC ON BUSINESS STUDENTS’ LEARNING APPROACHES
This research article attempted to find out effects of demographic factors on the effectiveness of students learning approaches. Two hundred (86 female and 114 male) business students from public and private sector u...