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Title
Budgetary System Reforms in Nigeria: Implications for Poverty Reduction |
Full text
http://eprints.covenantuniversity.edu.ng/8586/1/Budgetary%20Systems%20Reform.pdf |
Date
2016 |
Author(s)
Ben-Caleb, Egbide; 0moleyinwa, Eddy; Imoleayo, Foyeke O.; Adeyemo, Kingsley A |
Abstract
This study was conceptualized to investigate the influence (if any) of budget reforms specifically the Medium Term Expenditure Framework (MTEF) and the Fiscal Responsibility Act (FRA) on related reforms and poverty reduction in Nigeria. Budgetary reforms in particular and Public Finance Management (PFM) reforms in general are believed to bring about improvement in the budgetary outcomes which translate directly or indirectly to improvement in national wellbeing including poverty reduction. Conceptually, an indirect association exist between budget reforms and poverty reduction, an empirical nexus is however a moot. Historical time series data were collected representing 7 years before and 7 years after the adoption of MTEF and 5 years before and 5 years after the enactment of FRA. Utilizing the pre-test/post-test deign of a Paired sample t-test, the results revealed that Poverty Index (POI) in Nigeria reduced after the introduction of both MTEFand FRA. However, while the reduction after the introduction ofMTEF was statistically significant, the reduction after the enactment FRA was not insignificant. The study ecommends the enforcement of stricter adherence tobudgetaryand other public finance management reforms in order to generate greater impact and on the economy. |
Subject(s)
HF5601 Accounting; HG Finance |
Relation
http://eprints.covenantuniversity.edu.ng/8586/ |
Type of publication
Article; PeerReviewed |
Format
application/pdf |
Identifier
Ben-Caleb, Egbide and 0moleyinwa, Eddy and Imoleayo, Foyeke O. and Adeyemo, Kingsley A (2016) Budgetary System Reforms in Nigeria: Implications for Poverty Reduction. The Social Sciences, 11 (23). pp. 5584-5589. ISSN 1818-5800 |
Repository
Nigeria - Covenant University
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Added to C-A: 2017-07-18;12:58:23 |
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