FISCAL DEFICITS AND INFLATION DYNAMICS IN NIGERIA: AN EMPIRICAL INVESTIGATION OF CAUSAL RELATIONSHIPS Emmanuel Ating Onwioduokit Government expenditure in Nigeria has consistently exceeded revenue for most o the years beginning from 1980. This paper investigates the causal relationship f between infation andfiscal deficit in Nigeria from 1970 to 19194. It was empirically confirmed that althoughfiscal dejkit causes inflation‚ there was nofeedback between inflation and fiscal deficit. However
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Advantages and disadvantages of a master budget Advantages of a master budget are: a. It gives an idea where a company wants to go (its goal).. b. It determines what the company has to do in order to achieve this goal. c. It helps the company to realistically project future cash flows. d. This cash flow will enable the company to get certain types of financing. In short a master budget formalizes planning‚ provides an framework for judging performance and it helps managers to communicate and
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company‚ from time to time‚ will have to make investments in a variety of capital projects. Whether it is the need to purchase new machinery‚ expanding the production facility‚ or even buying new transport‚ all these projects require firms to make high investment now. In all these projects‚ the cash flow or the benefit is expected to be received for several years. A company at any time may have many capital projects in foresight. It is the responsibility of the finance manager to evaluate these
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Union Budget 2013-14 – A Critical Analysis Finance minister‚ P. Chidambaram presented his 8th and India’s 82nd Union budget on 28th February 2013. Key Highlights: * No change in slabs and rate for personal income tax. * Tax credit of Rs 2000 to be provided to every person to having income of up to Rs 5 lakh‚ this will benefit 1.8 crore people. * 5 to 10 per cent surcharge on domestic companies whose taxable income exceeds Rs 10 crore. * Commodities transaction tax levied
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Pros and Cons of Deficit Spending Whether used in government‚ economics‚ or finance‚ the underlying principle of deficit spending is the same—less income‚ more spending. Economists have been debating on this topic for a long time already‚ with those against it saying this will hinder economic growth‚ while those for it argue otherwise. For this article‚ we will discuss the advantages and disadvantages of deficit spending in the context of government‚ where a governing body of a nation that is
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Deficit in the ability to attribute mental states of another person such as thoughts‚ beliefs and intentions‚ also referred to as ‘Theory of mind’ (ToM) or “mentalization”‚ is a key component in the functional impairment of social cognition in schizophrenia. The difficulty of patients with schizophrenia to interpret emotional expression‚ social contexts and mental state of others can result in social withdrawal and social isolation‚ and effect daily functioning. This proposal aims to characterize
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UNION BUDGET 2012-2013 ANALYSIS SAJILAL.N.S Roll No: 8‚ SIES EMBA 2012 CONTENTS Overview of Indian Economy Approach to Budget Key Attributes of 2012-2013 Budget Challenges Going Forward OVER VIEW OF INDIAN ECONOMY The Indian economy had left behind the low-growth track of the early 1980s‚ following the bold economic reforms initiated in 1991-93. India began to appear as a significant player in the global economy. India’s exports began to climb‚ its foreign
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ANALYIS OF THE 2010 NATIONAL BUDGET AND ECONOMIC POLICY STATEMENT OF THE GOVERNMENT OF GHANA TO DETERMINE GAPS AND OPPORTUNITIES FOR WOMEN AND CHILDREN MARCH 2010 ISODEC-UNICEF Collaboration Table of Contents Page EXECUTIVE SUMMARY .......................................................................................................................... 6 CHAPTER ONE ...................................................................................................................
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Below are the solution: Question 1 Prepare a new contribution report for February‚ in which: * The static budget column in the contribution report is replaced with a flexible budget column. * The variances in the contribution report are recomputed as the difference between the flexible budget and actual columns. Answer Particulars | Static Budget | Flexible Budget | Actual | Variance | Unit (pounds) | 200000 | 225000 | 225000 | 0 | Revenue | 1600000 | 1800000 | 1777500 |
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country that has had a current account deficit for over 50 years. Furthermore‚ forecasts on this current account deficit tend to show that if there is no increase of international competitiveness and decrease of reliance of overseas capital goods‚ the situation will keep on getting worse. Nevertheless‚ if a multinational company wants to invest in a country that tends to have a current account deficit‚ it must bear in mind that one of the ways to decrease this deficit is to decrease imports‚ or to increase
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