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http://ngfrepository.org.ng:8080/jspui/handle/123456789/1153| Title: | AFRICA’S RISING DEBT: IMPLICATIONS FOR DEVELOPMENT FINANCE |
| Other Titles: | SUB-NATIONAL BORROWING AND DEBT MANAGEMENT |
| Authors: | David Nabena |
| Keywords: | AFRICA DEVELOPMENT RISING DEBT IMPLICATIONS FINANCE MANAGEMENT SUBNATIONAL |
| Issue Date: | 16-Aug-2018 |
| Publisher: | Nigeria Governors' Forum Publishing |
| Citation: | David Nabena (August 2018) Africa’s Rising Debt: Implications for Development Finance |
| Abstract: | Managing revenue volatility and achieving fiscal independence has always been challenging for successive governments in Nigeria. Rapidly changing fiscal environment at the sub-national level. Supply Side 2014 oil price collapse Revenue from oil declining by over 40 percent: States FAAC Allocation – N3.1 trillion (2013), N2.7 trillion (2014) - N2 trillion (2015) – N1.6 trillion (2016). Mild recovery in 2017 (N2.1 trillion) Impact Shocks in public spending and fiscal consolidation with budgets and expenditure plans barely adjusting Servicing basic obligations such as salaries and pensions became challenging Limited funds for infrastructure financing States became major debtors - debt stock and debt servicing rising |
| URI: | http://ngfrepository.org.ng:8080/jspui/handle/123456789/1153 |
| Appears in Collections: | AFRICA'S RISING DEBT:IMPLICATIONS FOR DEVELOPMENT FINANCE |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| Africas Rising Debt - Subnational Perspective.pptx | 689.5 kB | Microsoft Powerpoint XML | View/Open |
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