THE IMPACT OF FISCAL POLICIES IN STABILIZATION OF THE NIGERIAN ECONOMY
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- 1-5 Chapters
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- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
STATEMENT OF THE PROBLEM
It is an established fact that market mechanism cannot solely perform all the economic functions in a country; and as such public policy like fiscal policy is required to stabilize, correct, guide and supplement the market forces. Fiscal policyis one of such policies that government uses to correct market imperfections and failure. In Nigeria, governments at various times had used these policies to stabilize and manage the economy with a view to achieving desired macroeconomic objectives such as promoting employment generation, ensuring economic stability, maintaining price stability and balance of payment viability, ensuring exchange rate stability and maintaining stable economic growth. The fiscal policy thrust used in manipulating the economy depends on the objectives that need to be achieved at any time period. Government intervention in the economy through fiscal policy has been to manipulate the receipt and expenditure sides of its budget in order to achieve certain national objectives. The reality however is that often, there have been wastages, some spending has been politicized, and there has been high level misappropriation, mismanagement and corruption. However, the researcher is examining the impact of fiscal policies in stabilization of the Nigeria economy.
1.3 OBJECTIVES OF THE STUDY
The following are the objectives of this study:
- To examine the impact of fiscal policies in stabilization of the Nigeria economy.
- To examine the factors influencing the proper implementation of various fiscal policies in Nigeria.
To identify the consequences of the implemented fiscal policies by the government of Nigeria
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