June 18, 2013

The Budget, Fiscal Policy And Service Delivery

The
paper discusses the Macroeconomic impact of budget and its process and how to
achieve an efficient and timely budget cycle.

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Publication Date:December, 2010

Document Size:25pages


This presentation focuses on three key budget relatedissues in Nigeria:

  • Fiscal policyimpact on macro-economy
  • Budget processthe budget cycle
  • Service deliveryprogramme-basedbudgeting

Background

  • Since 2003, there has been progress instrengthening public financial managementof the federal government of Nigeria;
  • However, in some respects there has beendeterioration in fiscal discipline and in thebudget process;
  • There has been limited improvement inservice delivery;




Related

 

Nigeria Economic Update (Issue 34)

Recently released report by the National Bureau of Statistics shows that Nigeria recorded remarkable Year-on-Year (YoY) and Quarter-over-Quarter (QoQ) increase in capital importation. Total capital importation stood at $1,792.3 million in 2017Q2, representing 72 percent YoY and 97 percent QoQ growths respectively. Disaggregated data points to portfolio investment as the dominant type of investment imported, with a value of $770.5 million, 43 percent of total capital importation. The increase in capital importation was driven by 145 percent QoQ surge in portfolio investment and a remarkable increase in capital imported through shares.