Fiscal Deficit, Financing Options and Macroeconomic Stability in Nigeria: A Disaggregated Approach

Nwaeze, Nnamdi Chinwendu

doi:10.15580/gjea.2017.2.090517121

Cited by 2 publications

(2 citation statements)

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“…Nwaeze, [30] examined empirically the relationship between fiscal deficits and macroeconomic stability in Nigeria from 1970 to 2016. The study employed descriptive statistics, unit root test, cointegration and VAR estimation methods to analyze the data.…”

Section: Empirical Reviewmentioning

confidence: 99%

Impact of government budget deficits on public health sector output in Nigeria

Umeh¹,

Ochuba²,

Ihezie³

2021

World J. Adv. Res. Rev.

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The study examined the impact of government budget deficits on the public health sector output in Nigeria over a period of 1980 to 2018. The specifically study sought to: investigate the impact of government budget deficits affect the public health sector output in Nigeria, ascertain the impact of external borrowing on the public health sector output in Nigeria and evaluate the impact of domestic borrowing budget deficits financing on the public health sector output in Nigeria. The methods of data analysis range from argument dickey fuller unit root test, Johansen co-integration test and finally error correction method. The following results were the basic findings of the study: (1) government budget deficits have positive insignificant impact on public health sector output in Nigeria (t – statistics (0.5663) < t0.05 (1.684); (2) external borrowing of financing budget deficits has negative insignificant impact on Health sector output in Nigeria (t – statistics (-1.2746) < t0.05 (1.684) and (3) domestic borrowing of financing budget deficits has positive significant impact on Health sector output in Nigeria (t – statistics (2.1711) > t0.05 (1.684). This study concludes that the budget deficits of government have positive insignificant impact on Health sector output in Nigeria because more budget allocations are put in health recurrent government expenditure than health capital expenditure whereas health capital expenditure is the engine of growth in health sector output. The study recommended that the Federal Government should commence and continue to execute the National Health Act. Allocation’s map-out for the Basic Health Care Provision Fund (BHCPF) should be drawn directly from the National Health Act, which is not less than 1% of the Consolidated Revenue (CRF) Fund of the Federation and is to flow from the FG's share of revenue.

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Section: Empirical Reviewmentioning

confidence: 99%

Impact of government budget deficits on public health sector output in Nigeria

Umeh¹,

Ochuba²,

Ihezie³

2021

World J. Adv. Res. Rev.

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“…Fiscal deficit did not reduce unemployment and inflation rates within the period of study. Nwaeze (2017) examined empirically the relationship between fiscal deficit and macroeconomic stability in Nigeria from 1970 to 2016. The data for empirical analysis was sourced from secondary sources such as the CBN statistical bulletin.…”

Section: Empirical Reviewmentioning

confidence: 99%

Effect of Fiscal Deficit on Selected Macroeconomic Variables in Nigeria: A Time Series Analysis, 1986-2018

Obinabo¹,

Agu²

2019

IJAREMS

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This study investigated the effect of fiscal deficit on selected macroeconomic variables in Nigeria. Specifically the study examined the effects of fiscal deficit on Nigeria's gross domestic product, determine the impact of fiscal deficit on the level of Money Supply in Nigeria, and ascertain the relationship between fiscal deficit and Inflation Rate in Nigeria. To achieve these objectives, the study employed various econometric techniques such as unit root test, Johansen co-integration, ordinary least square and granger causality test in which variations in the independent variables were regressed on the dependent variable using time series data from 1986-2018. Secondary data casing the time frame were collected from Central Bank of Nigeria statistical bulletin. The results of the analysis indicates that (i) Fiscal Deficit (FD) has positive and no significant effect on Gross Domestic Product (GDP) (ii)Fiscal Deficit (FD) has negative and no significant impact on Money Supply (MS) (iii) Fiscal Deficit (FD) has negative and no significant relationship with Inflation Rate (INFR).The study recommended among others that government should set its priority rights, be more committed to budget implementation and to pay more attention to capital expenditure geared towards growth. Systemic corruption which is the main reason why fiscal deficit has not positively impacted on macroeconomic indicators should be dissuaded in Nigeria. The study further recommended that key government institutions should mount programs that are directed towards restoring the value system, norms and mind-set of Nigerians which corruption has destabilized and made weak to be strong again, otherwise, Nigeria will systematically drift into extinction.

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Fiscal Deficit, Financing Options and Macroeconomic Stability in Nigeria: A Disaggregated Approach

Cited by 2 publications

References 1 publication

Impact of government budget deficits on public health sector output in Nigeria

Impact of government budget deficits on public health sector output in Nigeria

Effect of Fiscal Deficit on Selected Macroeconomic Variables in Nigeria: A Time Series Analysis, 1986-2018

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