DSpace Collection:
http://ngfrepository.org.ng:8080/jspui/handle/123456789/1010
2024-03-29T14:00:39ZTOWARDS SUBNATIONAL FISCAL AND ECONOMIC SUSTAINABILITY
http://ngfrepository.org.ng:8080/jspui/handle/123456789/1011
Title: TOWARDS SUBNATIONAL FISCAL AND ECONOMIC SUSTAINABILITY
Authors: Nigeria Governors' Forum
Abstract: In the last year, Nigeria has experienced significant
macroeconomic and fiscal imbalances. Following the
decline in oil revenues since mid-2014 amidst slow policy
responses, the economy gradually slowed into negative
growth in 2016. Three years after the oil price slump,
fiscal deficits have remained wide, debts are rising, and
governments are faltering on public sector wages. Over
the years, large revenue windfalls recorded during boom
periods have destabilized the budgets of both federal and
State governments; and have lured governments into
unsustainable increases in expenditures, in which they
find themselves locked in when revenue falls.2018-02-01T00:00:00Z