Ekpo, A. H.2018-11-222018-11-222015-12Ekpo, H.A. (2015). Financing government programmes in economic downturn: theoretical issues and perspectives. CBN Economic and Financial Review. 53(4), 9-29.1957-2968http://repo.cbn.gov.ng/jspui/handle/123456789/656The purpose of this paper is to articulate the theoretical issues and perspectives which underscore the need for caution in financing government programmes whether in the recurrent outlay or capital programmes as individual financing modes have built in costs and risks that could inhibit the realisation of government objectives.enGovernment programmesEconomic downturnTheoretical issuesAdjustment programmesMacroeconomic stabilityForeign direct investmentArticle