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Globally, there has been a steady increase in the level of government expenditure in different areas of activities. In Nigeria, there is a steady growth of expenditure over the years which requires explanation.
Required:
Identify and explain five reasons for the rise in public expenditure in Nigeria.
(10 Marks)
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The decision to change the level, composition, or timing of government expenditure or to vary the burden, the structure, or frequency of tax payment is a fiscal policy. Fiscal policies could be automatic stabilizers or discretionary.
Required:
Explain automatic stabilizers and discretionary fiscal policies.
(5 marks)
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One of the factors that helps determine the country’s economic direction is fiscal policy. Government uses fiscal policy to influence the economy by adjusting revenue and spending levels.
Required:
Identify and explain FIVE goals of government spending as a fiscal policy instrument.
(10 marks)
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In Ghana, the government has enacted the Financial Administration Act, 2003 and the Financial Administration Regulations (L.I. 1802) to ensure that public funds and resources are properly safeguarded and are used economically, efficiently, effectively and with due propriety.
Required:
Identify TWO essential provisions of the Financial Administration Act and Regulations meant to protect public funds and safeguard public resources and property. (4 marks)
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Competitive tendering is a method of public procurement that seeks tenders from all potential suppliers or contractors to achieve value for money in public procurement. Competitive tendering is carried out in accordance with the competitive tendering procedures under the public procurement law.
Required: Explain FOUR procedures involved in carrying out national competitive tendering for the procurement of goods, services, and works. (6 marks)
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Globally, there has been a steady increase in the level of government expenditure in different areas of activities. In Nigeria, there is a steady growth of expenditure over the years which requires explanation.
Required:
Identify and explain five reasons for the rise in public expenditure in Nigeria.
(10 Marks)
Find Related Questions by Tags, levels, etc.
The decision to change the level, composition, or timing of government expenditure or to vary the burden, the structure, or frequency of tax payment is a fiscal policy. Fiscal policies could be automatic stabilizers or discretionary.
Required:
Explain automatic stabilizers and discretionary fiscal policies.
(5 marks)
Find Related Questions by Tags, levels, etc.
One of the factors that helps determine the country’s economic direction is fiscal policy. Government uses fiscal policy to influence the economy by adjusting revenue and spending levels.
Required:
Identify and explain FIVE goals of government spending as a fiscal policy instrument.
(10 marks)
Find Related Questions by Tags, levels, etc.
In Ghana, the government has enacted the Financial Administration Act, 2003 and the Financial Administration Regulations (L.I. 1802) to ensure that public funds and resources are properly safeguarded and are used economically, efficiently, effectively and with due propriety.
Required:
Identify TWO essential provisions of the Financial Administration Act and Regulations meant to protect public funds and safeguard public resources and property. (4 marks)
Find Related Questions by Tags, levels, etc.
Competitive tendering is a method of public procurement that seeks tenders from all potential suppliers or contractors to achieve value for money in public procurement. Competitive tendering is carried out in accordance with the competitive tendering procedures under the public procurement law.
Required: Explain FOUR procedures involved in carrying out national competitive tendering for the procurement of goods, services, and works. (6 marks)
Find Related Questions by Tags, levels, etc.
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