Impact of deficit budgeting on economic growth in Nigeria Department: Economics By: mrbazz01 Project ID: 6859 Rating: (5.0) votes: 1Rate this project12345 Price:₦3000 Get the Complete MaterialAbstractThis study investigates the impact of deficit budgeting on economic growth in Nigeria. Deficits budgeting occurs when a government spends more than it earns in revenue, resulting in a budget deficit that is often financed through borrowing. The study aims to analyze the relationship between deficit budgeting and economic growth, considering the Nigerian context. To achieve this, the study employs empirical analysis using time-series data for Nigeria over a specified period. Various macroeconomic indicators such as GDP growth rate, government expenditure, revenue, and budget deficit are collected and analyzed. The data is then subjected to econometric techniques, such as regression analysis, to estimate the relationship between deficit budgeting and economic growth. The findings of the study reveal a complex relationship between deficit budgeting and economic growth in Nigeria. The results indicate that deficit budgeting can have both positive and negative effects on economic growth, depending on several factors. On one hand, deficit budgeting can stimulate economic growth by financing investments in infrastructure, human capital, and other productive sectors. On the other hand, persistent and excessive deficits can lead to adverse effects such as inflation, increased borrowing costs, and reduced investor confidence, which can hinder economic growth. In conclusion, this study contributes to the understanding of the impact of deficit budgeting on economic growth in Nigeria. It highlights the complexities involved and provides insights for policymakers to make informed decisions regarding fiscal management and sustainable economic development. Further research can focus on analyzing the specific sectors and industries that are most affected by deficit budgeting and exploring potential policy interventions to mitigate negative consequences....Preview Download Preview +Other Economics project topics and materials you might be interested in»The impact of industrialization on Nigeria's economic development»The impact of minimum wage fluctuation on growth of Nigerian economy»Population growth and economic development in Nigeria (1981-2011)»The impact of population growth on the Nigerian economy (1980-2010)»The impact of petroleum subsidy on the consumption of petroleum products in Nigeria»The impact of small and medium scale industries on the economic growth of Nigeria (1986 – 2010)»The impact of industrial output on the economy of Nigeria (1980-2010)»The growth of Nigerian economy and unemployment (1980-2010)»Impact of government expenditure on Nigerian economic growth (1981 – 2010)»The effect of external debt on economic growth of Nigeria»Poverty and the Nigerian economy»An assessment on the impact of industrialization on economic growth in Nigeria»The impact of external debt on Nigeria economy (1985-2011)»Inequality and taxation in Nigeria (1980-2010)»The impact of bank lending on the growth of small and medium business in Osun State