2 edition of Fiscal policy planning and management in Nigeria found in the catalog.
Fiscal policy planning and management in Nigeria
|Statement||edited by Oluranti S. Komolafe, Hossein Jalilian, Mark Hiley.|
|Contributions||Komolafe, Oluranti S., Jalilian, Hossein, 1951-, Hiley, Mark.|
|LC Classifications||HJ1501 .F573 1999|
|LC Control Number||2001385070|
Fiscal management is the process of planning, directing and controlling financial resources. The term is associated with management responsibilities for expenditures working together with an accounting team that is under the Chief Financial Officer of an organization. As such, fiscal management doesn't necessarily require in-depth accounting knowledge where you can rely . Section 1 Introduction. Economists working on fiscal policy and fiscal management need a good understanding of how the expenditure side of the budget is planned, prepared, and executed. 1 This publication is designed for those interested in the macroeconomic impact of such budget processes, rather than in the perhaps more familiar microeconomic perspective of expenditure policies.
Contractionary Fiscal Policy. The second type of fiscal policy is contractionary fiscal policy, which is rarely used. Its goal is to slow economic growth and stamp out inflation. The long-term impact of inflation can damage the standard of living as much as a recession. The tools of contractionary fiscal policy are used in reverse. In economics and political science, fiscal policy is the use of government revenue collection (taxes or tax cuts) and expenditure (spending) to influence a country's economy. The use of government revenues and expenditures to influence macroeconomic variables developed as a result of the Great Depression, when the previous laissez-faire approach to economic management .
1. To examine the impact of fiscal policies in stabilization of the Nigeria economy. 2. To examine the factors influencing the proper implementation of various fiscal policies in Nigeria. 3. To identify the consequences of the implemented fiscal policies by the government of Nigeria. RESEARCH QUESTIONS. 1. measure. Also, Ajisafe folorunso () in their study found out that monetary policy rather than fiscal policy exerts a great influence on economic activity in Nigeria. They therefore observed that the emphasis of government fiscal actions on the economy has led to a greater distortion of the Nigerian economy.
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Fiscal policy planning and management in Nigeria. Ibadan: National Centre for Management and Administration, (OCoLC) Document Type: Book: All Authors / Contributors: Oluranti S Komolafe; Hossein Jalilian; Mark Hiley.
Fiscal policy in oil-producing countries can be profoundly affected by oil revenue uncertainty and volatility. Policy formulation should factor in the exhaustibility of the natural resources and aim at reducing oil revenue volatility passed on to the economy.
Past fiscal policy in Nigeria has not been successful in this regard, since both. THE IMPACT OF FISCAL POLICY ON THE NIGERIA ECONOMY. CHAPTER ONE. INTRODUCTION. This investigates the three elements of fiscal policy (1) government spending, taxation and the other source of revenue which finance public spending and the resulting budget deficit or surplus which occurs wherever government expenditure does not.
Fiscal Policy and Economic Growth. Fiscal policy is the use of taxation and government spending to influence the economy. This may work via changing tax rates or the rules about liability to tax or via changes in government spending on real goods and services or transfer payments.
Fiscal policy has two (2) possible roles/5(37). fiscal federalism and Nigeria’s development. Buchan Fiscal Residuum Theory was used to explain and analyze issues that relate to federalism, fiscal federalism and the challenges therein.
Finally, the study shall be concluded with alternatives for remediation/policy options. METHODOLOGY. The Federal Government of Nigeria (FGN) has approved and ordered the implementation of the Fiscal Policy Measures (FPM), effective 1 July FPM replaces FPM, which had been in force since 27 July THE ROLE OF FISCAL POLICIES IN THE DEVELOPMENT OF NIGERIAN ECONOMY (A CASE STUDY OF PHCN) – SEMINAR PAPER.
CHAPTER ONE. INTRODUCTION. The growth and development of the Nigerian economy has not been stable over the years as a result, the country’s economy has witnesses so many shocks and disturbances both internally and. As such, the Nigeria economy is unable to function well in an environment were there is low capacity utilization attributed to shortage in foreign exchange as well as the volatile and unpredictable government policies in Nigeria (Isaksson, ),Fiscal policy is the means by which a government adjusts its level of spending in order to monitor.
an act to provide for prudent management of the nation's resources, ensure long-term macro-economic stability of the national economy, secure greater accountability and transparency in fiscal operations within a medium term fiscal policy framework, and the establishment of the fiscal responsibility.
Fiscal Policies and Gender Equality Historically, women around the world have had fewer opportunities than men in education, employment, health care, and politics. The moral argument for gender equality is clear, and the economic evidence is mounting. increases in monetary policy rate (MPR) to cut down on inflation have a depressing impact on the economy.
The result of this study does not support the assertion that a tight monetary policy coupled with a contractionary fiscal policy will engender natural rate of. This article aims at determining the impact of various components of fiscal policy on the Nigerian economy.
We simply used descriptive statistics to show contribution of government fiscal policy to economic growth, and to ascertain and explain growth rates, and an ordinary least square (OLS) in a multiple form to ascertain the relationship between economic growth and.
The challenges of fiscal relations and national development is enormous in Nigeria, the paper will x-ray issues within the ecology of Nigerian federal structure, ranging from revenue sharing to.
These two policies are used to achieve macroeconomic goals. in a nation. These goals include price stability, full employ. ment, reduction of poverty levels, high and sustainable eco.
nomic growth, favorable balance of payment, and reduction. in a nation’s debt. The scope of this research work has been limited to fiscal policy formulations and implementation in Nigeria between and it also includes the relationship between fiscal policies and other government economic policies how it is used to fight inflation, unemployment, encourage, investment/production of goods and services and generally.
THE ROLE OF FISCAL POLICY IN THE NIGERIA ECONOMIC GROWTH A CASE STUDY OF PHCN. CHAPTER ONE. 0 NTRODUCTION; The growth and development of the Nigerian economy has not been stable over the years as a result, the country’s economy has witnesses so many shocks and disturbances both internally and externally over the decades.
PROJECT MATERIAL ON ROLE OF FISCAL POLICY IN THE NIGERIA ECONOMIC GROWTH. CHAPTER ONE INTRODUCTION; The growth and development of the Nigerian economy has not been stable over the years as a result, the country’s economy has witnesses so many shocks and disturbances both internally and externally over the decades.
term and long term. Fiscal policy must take account of the need to ensure the timely flow of funds to programs and projects. This requires a medium-term approach to the adjustment of budgetary imbalances, program development and evaluation. Contestability in policy development and service provision is the quid pro quo for.
The Fiscal Management Process 1) Planning the budget 2) Formal review and approval of the budget 3) Implementing the budget 4) Monitoring and evaluating the expenditure of funds 5) Communicating with the public about how funds are used to support schools.
CHAPTER ONE. INTRODUCTION. BACKGROUND OF STUDY. There are several factor that are considered with view of the economic development of Nigeria, some of this factors include taxation, fiscal policies and social policies etc; but for the purpose of this study we shall consider the effect of taxation on fiscal policy development in Nigeria; taxation is one of the.
Fiscal management is the planning and controlling of government financial resources. It relates to all the activities involved in the planning, utilizing, recording and performing.
The need to address all three objectives of public expenditure management–fiscal discipline, strategic resource allocation, and operational efficiency—is emphasized in chapter 1. This calls for a link between policy and budgeting and for a perspective beyond the immediate future.The impact of fiscal policies is also dependent to a greater deal on the consistency to the policy measures designed to suit the problems.
Nigeria with adequate reference to the literature reviewed, data presented and analyzed and amongst other analytical basis does possess to an appreciable degree fiscal policies that possess the required.