The Role of Financial Accountability in Public Debt Management in Bida, Niger State
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Background of the Study
Public debt management is critical for ensuring the sustainability of government finances and achieving developmental goals. Financial accountability is a key component in managing public debt effectively, as it ensures transparency, minimizes corruption, and promotes prudent use of borrowed funds. In Bida, Niger State, issues such as poor debt tracking, misuse of funds, and lack of transparency in debt management have hindered economic growth and development. This study examines how financial accountability can improve public debt management practices in Bida.
Statement of the Problem
Bida faces challenges such as inefficient debt utilization, poor financial oversight, and increasing public debt burdens. These issues often result from weak accountability mechanisms, limiting the government’s ability to manage public debt effectively. This study investigates how financial accountability can address these challenges.
Aim and Objectives of the Study
The aim of this study is to explore the role of financial accountability in public debt management in Bida, Niger State. The specific objectives are:
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To assess how financial accountability influences transparency in public debt management.
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To identify the challenges affecting financial accountability in public debt management in Bida.
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To propose strategies for enhancing public debt management through improved financial accountability.
Research Questions
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How does financial accountability influence transparency in public debt management in Bida?
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What challenges affect financial accountability in public debt management?
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What strategies can improve public debt management through enhanced financial accountability?
Research Hypotheses
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Financial accountability significantly improves transparency in public debt management.
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Challenges in accountability practices negatively impact public debt management in Bida.
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Enhanced financial accountability positively influences public debt management.
Significance of the Study
This study provides valuable insights into improving public debt management in Bida by emphasizing the role of financial accountability. The findings will benefit policymakers and financial administrators.
Scope and Limitation of the Study
The study focuses on public debt management in Bida, Niger State, and the role of financial accountability in enhancing its effectiveness. Limitations may include limited access to financial records and resistance from stakeholders.
Definition of Terms
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Financial Accountability: The obligation to account for the use of financial resources transparently and responsibly.
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Public Debt Management: Strategies and processes used to handle government borrowing and repayment.
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Transparency: The practice of being open and clear about decisions and proce
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