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International Journal of Economics & Management Sciences

.: Home > International Journal of Economics & Management Sciences > 2013 > Volume 2 Number 6 > Vincent N. Ezeabasili, PhD,CNA,HCIB¹ and Professor Wilson E. Herbert, Ph.D,FCNA²

FISCAL RESPONSIBILITY LAW, FISCAL DISCIPLINE AND MACROECONOMIC STABILITY: Lessons from Brazil and Nigeria.

Vincent N. Ezeabasili, PhD,CNA,HCIB¹ and Professor Wilson E. Herbert, Ph.D,FCNA²
¹ Dept of Banking and Finance,Anambra State University, Igbariam Campus ² Professor of Accounting & financial Management, National Universities Commission, Abuja.
Abstract :

This paper seeks to analyze the imperatives of Fiscal responsibility law. It draws some lessons from Brazil, situating these lessons in Nigeria. The paper explores some theoretical issues surrounding fiscal responsibility in an economy. Major features and similarities of the fiscal responsibility laws in Nigeria and Brazil are highlighted. Some of the fundamental flaws in Nigeria’s democracy that impede economic development as well as the imperatives of the fiscal responsibly law in Nigeria are analyzed. The paper concludes advisedly that strict adherence to the new fiscal policy law is bound to promote macroeconomic stability in Nigeria. 

Keywords :
Fiscal Responsibility, Fiscal Discipline, Macroeconomic Stability, Nigeria

Date Deposited : 18 May 2016 20:48

Last Modified : 01 Jun 2016 19:10

Official URL: http://www.omicsonline.com/

Volume 2, Number 6, June 2013 , ISSN 2162-6359

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