Financing government programmes in economic downturn: theoretical issues and perspectives

Authors

A. H. Ekpo, West African Institute for Financial and Economic Management (WAIFEM), Lagos

Publisher

Central Bank of Nigeria

Keywords

Government programmes, Economic downturn, Theoretical issues, Adjustment programmes, Macroeconomic stability, Foreign direct investment

Abstract

The purpose of this paper is to articulate the theoretical issues and perspectives which underscore the need for caution in financing government programmes whether in the recurrent outlay or capital programmes as individual financing modes have built in costs and risks that could inhibit the realisation of government objectives.

Author Bio

Professor Akpan H. Ekpo is the Director General, West African Institute for Financial and Economic Management (WAIFEM), Lagos.

Publication Title

CBN Economic and Financial Review

Issue

4

Volume

53

Recommended Citation

Ekpo, H.A. (2015). Financing government programmes in economic downturn: theoretical issues and perspectives. CBN Economic and Financial Review. 53(4), 9-29.