A Comparative Analysis of the FGN 2012 and 2013 Budget
8 Pages Posted: 3 Jul 2014
Date Written: February 8, 2014
Budgeting is one of the indispensable tasks carried out by Federal Government of Nigeria (FGN) to ensure remarkable growth in social, political and economic activities as a nation. Budget plays a major role in driving socio-economic activities with implications for politics, security and business opportunities. However, lack of political will to effectively implement national budget resulted in increase rate of unemployment, poverty, national debts, crime, insecurity, corruption, low level of industrialization, poor infrastructural facilities which placed her among underdeveloped countries in spite of her oil wealth and natural resources. Based on this reality, this paper critically review the FGN budget plan for the year 2012 and 2013 in order to help prioritize the most important things to spend on and how much to save in the forthcoming 2014 FGN budget plan.
Keywords: Budget, governance, politics, security, socio-economic, underdevelopment
JEL Classification: H61
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