Government Fiscal Strategy and Sustainable Fiscal Management in Nigeria
Journal Title: Journal of Empirical Economics - Year 2015, Vol 4, Issue 1
Abstract
Government fiscal strategy in Nigeria actually commence effectively in 2010 in Nigeria provided for by the Fiscal Responsibility Act (2007) thus compelling the researchers curiosity to investigating its concept, character, depth and its implication for sustainable fiscal management in Nigeria. Findings in this study revealed that to mitigate the effects of shocks to the fiscal system, the government pursued the creation of the Sovereign Wealth Fund (SWF) to insulate the economy from the possible negative effects of windfall in oil revenue, provide a legal framework for the management of excess oil revenues and serve as a means of attracting local and foreign investors. The researchers also recommended amongst others that sustainable fiscal consolidation and management require greater fiscal discipline. Therefore, Nigeria requires a continuous policy effort as a nation to live within her means. Fiscal consolidation is aimed at reducing the budget deficit and minimizes debt accumulation through more diligent revenue generation and prudent expenditure management.
Authors and Affiliations
Okonkwo N. Osmond, Nnamocha P. N.
Keywords
Related Articles
- EP ID EP27392
- DOI -
- Views 361
- Downloads 9
Different Opinions on Ottoman and German Political Military and Economic Relations
The purpose of this paper is to surf through history and emphasize some of the important events took place between the Ottoman Empire and German Kingdoms like Prussia, Kingdom of Bavaria up to the ending of WW-1. The i...
Capital Asset Pricing Model and the Cost of Equity Share Capital On the Sarajevo Stock Exchange
The capital asset pricing model (CAPM) represents a tool for interconnection analysis between risk and yield. The basic idea of this model is the identification of expected yield/cost of specific investment through a c...
Income Effects on Doctoral Programs in Pharmacy: Estimation and Prediction Using U.S. Data
The objective of this study was to quantitatively determine the effects of per capita income on pharmacy education in the U.S. Data on enrollments in Doctor of Pharmacy (PharmD) and Ph.D. in Pharmaceutical Sciences (Ph...
Effects of Price and Income on International Travel to the Dominican Republic: Co-integration and Causality Results
This article examines the impacts of relative-prices and income on visiting friends and relatives (VFR) travel to the Dominican Republic during the period 1990-2012. Using the „bounds‟ testing approach to cointegration,...
Does Export Trading Influence Economic Growth In Ghana?
The paper uses annual data to analyse the link between export and economic growth for Ghana for the period 1960 to 2012 using Autoregressive Distributed Lag (ARDL) Model and Granger Predictability test. Using Microfit...