A review of Mr Tinubu's 2024 budget shows it violates Nigeria's fiscal law and offers little hope of a better future for citizens.
A review of Mr Tinubu 's 2024 budget shows it violates Nigeria 's fiscal law and offers little hope of a better future for citizens. A budget is a vital tool for achieving a country’s economic strategy . It is designed to shape its entire socio-economic landscape for the year and the future, with the budget allocation serving as a guide for the government’s long-term economic vision.
Simply put, the budget is really about how much revenue the government collects, what the revenue will be used for, and how shortfalls – deficits – between revenue and expenditure will be met (in this case, through debt accumulation). It is a powerful tool for the assessment of the transparency of the management of public finances. In this regard, various constitutional and legal provisions require the government to meet certain bars, thresholds and limits to ensure that the budgetary process ensures economic stability, debt sustainability, and prosperity for all
Budget Mr Tinubu Fiscal Law Nigeria Economic Strategy Revenue Deficits Debt Accumulation Transparency Public Finances
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