PUBLIC EXPENDITURE AND ECONOMIC GROWTH IN NIGERIA (1980-2018)

📄 Project Abstract

1 CHAPTER ONE INTRODUCTION 1.1 Background of the Study Public expenditure has been used as a means of using fiscal policy in several countries to arrive at development, Economic growth, economic expansion and economic base transformation. From a historical perspective, the relationship between public expenditure andeconomic growth has created a broad discussion within economic literature. Discussions mainly include the role of government in economic development andhow this role can be accomplished in the most efficient way. The relationship between public expenditure and economic growth is one of the most discussed topics in public finance. The public expenditure is seen to increase productivity, but in the same breath is seen as an obstacle to development due to its funding. Borrowing to finance public expenditure, the government competes with private equity investors by reducing private investment and pushing the huge burden ofexternal debt. Representatives of neoclassical public exp...