Citation

Bala, Umar and Salihu Uba, Badamasi and Yahuza Haruna, Adamu (2023) Managing the Nigerian Economy through Fiscal Deficit. International Journal of Management, Finance and Accounting, 4 (2). pp. 1-13. ISSN 2735-1009

Text (Managing the Nigerian Economy through Fiscal Deficit) 384 - Published Version Restricted to Repository staff only Download (3kB)

Abstract

This study examined how fiscal deficit, exchange rate, and inflation rate impacted the economic growth of the Nigerian economy from 1980 to 2019. The cointegration connection in the study was discovered using the autoregressive distributed lag (ARDL) bound test. The analysis found that, while inflation and the exchange rate have a positive and significant relationship with the Nigerian economy, the fiscal deficit has a negative but relatively insignificant effect on the country's GDP. The Nigerian government should stabilise the currency's external value and prevent it from falling in value in the short term. Such policies should be developed to encourage people to pay taxes while providing incentives to those who abide. The government should lower lender interest rates to boost small domestic investors to make investments and create jobs while increasing government revenue. Government agencies should reduce luxuries and wasteful spending to avoid a fiscal deficit.

Item Type:	Article
Uncontrolled Keywords:	Fiscal Deficit, Exchange Rates, Inflation
Subjects:	H Social Sciences > HJ Public Finance > HJ2005-2216 Income and expenditure. Budget H Social Sciences > HJ Public Finance > HJ8001-8899 Public debts > HJ8101-8899 By region or country
Divisions:	Others
Depositing User:	Mr. MUHAMMAD AZRUL MOSRI
Date Deposited:	19 Aug 2024 06:05
Last Modified:	19 Aug 2024 06:05
URII:	http://shdl.mmu.edu.my/id/eprint/12813

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