macroeconomic management of the economy. This debate has its foundations in the history and evolution of the Nigerian federation. “Revenue allocation or the statutory distribution of revenue from the Federation Account among the different levels of government has been one of the most contentious and controversial issues in the nation’s political life. So contentious has the matter been that none of the formulae evolved at various times by a commission or by decree under different regimes since 1964 has
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FISCAL MANAGEMENT By: Ruth Ann L. Musngi When I first came across the topic of Fiscal Management and read the outline of the course‚ I realized that effective and efficient fiscal management is tantamount to good economic governance. Good governance is considered to synonymous with sound development management (Bertucci‚ 2000). As discussed‚ an effective and efficient financial management would include thorough and advance planning in order to develop budgets and to guide expenditures
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Debt on the U.S. Macroeconomy Karen McCarthy ECO/372 October 14‚ 2012 Instructor‚ Shad Koros Debt on the U.S. Macroeconomy Debt is accumulated deficits minus accumulated surpluses. Budget deficits are usually financed through governmental debt. Through the Treasury Department‚ the U.S. government must continually refinance bonds coming due by selling new bonds. Since 2001‚ the federal budget has been in deficit. The federal debt may not be the most important although it is referred to as
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Budget Deficit Introduction and History The U.S. Federal Budget deficit is the fiscal year difference between what the United States Government takes in from taxes and other revenues‚ called receipts‚ and the amount of money the government spends‚ called outlays. The items included in the deficit are considered either on budget or off budget. Generally‚ on-budget outlays tend to exceed on-budget receipts‚ while off-budget receipts tend to exceed off-budget outlays. The United States public debt
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Expansionary fiscal policy is a form of fiscal policy in which a decrease in taxes‚ and/or an increase in transfer payments are used to correct the problems of a business-cycle contraction. The goal of expansionary fiscal policy is to close a recessionary gap‚ stimulate the economy‚ and decrease the unemployment rate. I will now evaluate the view that expansionary Fiscal Policy is always beneficial to the UK’s macro-economic performance. One way expansionary fiscal policy can be beneficial to the
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Fiscal Policy Assignment The traditional Keynesian approach to fiscal policy differs in three ways from that is presented in the Fiscal Policy Chapter in your textbook. 1. It emphasizes the underpinnings of the components of aggregate demand. 2. It assumes that government expenditures are not substitutes for private expenditures and that current taxes are the taxes taken into account by consumers and firms. 3. The traditional Keynesain approach focuses on the short run and so
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Health priorities in Australia Australia’s health care systems are designed in a way that majority of funds and resources are used on curative services and facilities such as pharmaceuticals and hospitals. Health promotion is embracing a new preventative approach by using the effectiveness of the Ottawa charter. The role of Australian health systems is to achieve a balance between resources of prevention and resources of treatment. There has been a changing emphasis from cure to prevention. Australian
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the international poverty line include; – Guatemala‚ – Guinea-Bissau‚ – India‚ – Kenya‚ – Lesotho‚ – Madagascar‚ – Nepal‚ – Niger‚ – Senegal‚ – and Zambia • Analysts have found a strong positive relationship between economic growth and poverty reduction. • For example‚ East Asia (excluding China)‚which contains the world’s fastest-growing economies‚ reduced the share of its population living in poverty from 23 percent in 1987 to less than 14 percent in 1993. But in Sub-Saharan Africa‚ where negative
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Mohammed N. M. Sayan ESL 0405 ESL Advanced Writing Date: February 13th‚ 2013 Dr. J. Parla Palumbo Topic: Crime Reduction Title: What can I do to reduce crime? Thousands of crimes happen all over the world and increase exponentially every year. According to Nations Master’s website‚ more than twelve million crimes committed in the United states last year. "Crime statistics." nationmaster.com. Rapid Intelligence‚ 2002. Web. 25 February 2013. All of these crimes have happened due to high poverty
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PRIORITY SECTOR LENDING Some areas or fields in a country depending on its economic condition or government interest are prioritized and are called priority sectors i.e. industry‚ agriculture. These may further be sub divided. Banks are directed by the state bank of the country that loans must be given on reduced interest rates with discounts to promote these fields. Such lending is called priority sector lending. The different segments of the priority sector are as follows: 1. Agriculture 2
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