June 18, 2013

The Role Of Fiscal Policy In Promoting Growth

The paper examines fiscal policy as it influences growth through taxes
and service delivery. It also reviews Nigerias experience with fiscal policy
as well as challenges to its current system.

Download Label
March 13, 2018 - 4:00 am
application/pdf
116.33 kB
v.1.7 (stable)
Read →


Author:Menachem Katz

Publication Date: December, 2012

Document Size:31pages


Recent experience with fiscal policy

  • Prior to 2004 fiscal policy was pro-cyclicalsubjecting the economy to boom-bust cycles
  • During 2004-2008 , with oil price-based ruleand ECA, economy stabilized and inflation fell.
  • In 2009 and 2010 external shock and largespending expansion resulted in high budgetdeficits and depletion of ECA
  • Since 2012, fiscal policy has been tightened.




Related

 

Monetary Policy Rate

Monetary Policy Rate: The fluctuations in MPR reflect CBNs intermittent effort to promote growth, stymie inflation or incentivize capital flows. Particularly, the rise in MPR in 2016Q1 was effort to