An assessment of fiscal mismanagement’s economic implications in Nigeria: Evidence from state budgets in Kaduna State
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Background of the Study :
Fiscal mismanagement in state budgets has been a persistent challenge in Nigeria, with significant implications for economic stability and development. In Kaduna State, between 2000 and 2020, inefficient public financial management, misallocation of resources, and corruption have undermined the potential of budgetary allocations to stimulate growth (Uche, 2023). Empirical studies have highlighted that fiscal mismanagement leads to underinvestment in critical sectors such as education, healthcare, and infrastructure, thereby impeding overall development (Adeniyi, 2024). The state’s budgets often reveal gaps between planned expenditures and actual disbursements, resulting in persistent fiscal deficits and increased borrowing. This study examines how mismanagement in state budgets affects economic performance, focusing on indicators such as infrastructure quality, public service delivery, and regional economic disparities. Through a mixed-methods approach—analyzing budgetary data and obtaining qualitative insights from government officials and experts—the research aims to uncover the specific areas where fiscal mismanagement is most detrimental. It also explores the relationship between fiscal irregularities and investor confidence, as well as the broader socio-economic consequences for Kaduna State. By identifying the root causes and economic implications of fiscal mismanagement, the study seeks to provide actionable recommendations to improve public financial management and ensure that state resources are used efficiently to promote sustainable development (Chinwe, 2025).
Statement of the Problem
Despite numerous policy initiatives aimed at improving public financial management, Kaduna State continues to experience significant fiscal mismanagement. Inefficient revenue collection, misallocation of funds, and corruption have resulted in chronic fiscal deficits and suboptimal public service delivery (Uche, 2023). The economic implications are profound, leading to underinvestment in key sectors and diminished investor confidence. This study aims to investigate the determinants of fiscal mismanagement and assess its overall impact on the state’s economic performance, thereby addressing the gap between fiscal planning and actual outcomes.
Objectives of the Study:
1. To analyze the extent and causes of fiscal mismanagement in Kaduna State.
2. To assess the economic implications of budgetary mismanagement on public service delivery and development.
3. To propose policy recommendations to enhance fiscal discipline and accountability.
Research Questions:
1. What are the primary factors contributing to fiscal mismanagement in Kaduna State?
2. How does fiscal mismanagement affect economic performance and public service delivery?
3. What policy interventions can improve fiscal management?
Research Hypotheses:
1. Fiscal mismanagement negatively impacts economic growth.
2. Poor revenue collection and fund allocation are key determinants of fiscal deficits.
3. Strengthened accountability measures can improve fiscal outcomes.
Significance of the Study (100 words):
This study is significant as it provides an in-depth analysis of fiscal mismanagement in Kaduna State and its economic implications. The findings will inform policymakers and government officials about critical gaps in budget execution, offering evidence-based recommendations to enhance fiscal discipline. Ultimately, improved fiscal management can lead to better public services, increased investor confidence, and sustainable economic growth (Uche, 2023).
Scope and Limitations of the Study:
This study is limited to the analysis of fiscal mismanagement in Kaduna State using state budget data from 2000 to 2020. It focuses solely on public financial management issues and does not extend to private sector or national-level fiscal policies.
Definitions of Terms:
1. Fiscal Mismanagement: Inefficient and corrupt practices in managing public funds.
2. State Budgets: Financial plans outlining government revenues and expenditures at the state level.
3. Fiscal Deficit: The excess of government expenditures over its revenues.
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