An Analysis of Nigeria's Fiscal Policy Design and Reflections
No Thumbnail Available
Date
2017
Authors
Nwaogwugwu, I.C
Journal Title
Journal ISSN
Volume Title
Publisher
ASUU Journal of Social Sciences
Abstract
Nigeria s fiscal policy issues have dominated the discussion in many years over matters of design and management as efforts by the government to redirect the economy through fiscal actions have not yielded desired results. This paper therefore, makes an attempt at reviewing the design and reflections of Nigeria s fiscal policy between 1960 and 2011. This period has been divided into five sub-periods of fiscal policy regimes based on the similarity of policy and its
manifestations. Relying on descriptive statistics the paper reveals that fiscal policy regime shifts are not consistent with the overall economic policy of the state. Thefiscal targets and instrument variables were also poorly defined and mismatched both in content and operations. The paper therefore recommends a robust fiscal policy design and regime that will effectively complement the nation s monetary policy actions.
Description
Staff Publications
Keywords
Fiscal Policy , Fiscal Policy Design , Pubic Revenue , Public Expenditure , Public Debt , Fiscal Deficit , Research Subject Categories::SOCIAL SCIENCES::Business and economics::Economics
Citation
Nwaogwugwu, I.C (2017). An Analysis of Nigeria's Fiscal Policy Design and Reflections. ASUU Journal of Social Sciences, a Journal of Research and Development, Vol.4(1&2)