Assessment of Nigeria's domestic debt sustainability

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dc.contributor.authorRapu, S.C.
dc.date.accessioned2018-10-15T12:04:06Z
dc.date.available2018-10-15T12:04:06Z
dc.date.issued2003-06
dc.description.abstractThis paper attempts to measure the sustainable domestic debt stock level of the Federal Government of Nigeria over a period of time. This is necessary, considering the growing proportion of the cost of domestic debt service in Federal Government total expenditure. The paper addresses definitional issues about domestic debt and domestic debt sustainability relative to national output as well as the necessary policy implications. It also examined the causes, size and growth, sources and structure. Using the budget constraint model relative to GDP, the paper concludes that under the current fiscal stance of primary deficit, the Federal Government domestic debt is not sustainable. In order to achieve sustainability of domestic debt, the paper emphasized the need for the Federal Government to achieve primary surpluses of not below 0.9 percent in the next five years, as well as improvement in the growth rate of the economy, fiscal reforms and a more efficient domestic debt management through domestic debt restructuring.en_US
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dc.description.provenanceMade available in DSpace on 2018-10-15T12:04:06Z (GMT). No. of bitstreams: 1 Assessment of nigeria's domestic debt sustainability.pdf: 468367 bytes, checksum: af2affb1aec2bfbcb941ff3c5408dfa6 (MD5) Previous issue date: 2003-06en
dc.description.sponsorshipCentral Bank of Nigeriaen_US
dc.identifier.citationRapu, S.C. (2003). Assessment of Nigeria's domestic debt sustainability. Economic and Financial Review, 42(2), 41-66.en_US
dc.identifier.urihttp://repo.cbn.gov.ng/jspui/handle/123456789/325
dc.language.isoenen_US
dc.publisherCentral Bank of Nigeriaen_US
dc.relation.ispartofseriesVol 42;No.2
dc.subjectDomestic debt sustainabilityen_US
dc.subjectExternal debten_US
dc.subjectGovernment expenditureen_US
dc.subjectDomestic debt stocken_US
dc.subjectNigeriaen_US
dc.titleAssessment of Nigeria's domestic debt sustainabilityen_US
dc.typeArticleen_US

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