An Assessment of the fiscal sustainability of states

Simple item page
dc.contributor.authorNIGERIA Governors' Forum
dc.date.accessioned2025-02-05T18:56:33Z
dc.date.available2025-02-05T18:56:33Z
dc.date.issued2017-04
dc.descriptionAn assessment of the fiscal sustainability of states
dc.description.abstract The Fiscal Sustainability Plan.  Transparency and accountability.  General findings from desk review.  Publication of state budgets, audited financial statements and and budget performance reports.  Introduction and compliance with the International Public Sector.  Accounting Standards (IPSAS).  Main findings from States' Self-Assessment.  Public revenue.  Setting realistic targets for IGR.  Setting realistic targets for capital and recurrent expenditure.  Implementing a Treasury Single Account.  Quarterly financial reconciliation meetings between federal and state governments to cover VAT, PAYE remittances, refunds on government projects, Paris club and other accounts.  Sharing the database of companies within each state with the Federal Inland Revenue Service (FIRS).  Introducing a system to allow for the immediate issuance of VAT/WHT certificates on payment of invoices  Review all revenue-related laws and update of obsolete rates/tariffs.  Public expenditure.  Setting limits on personnel expenditure as a share of total budgeted expenditure.  Biometric capture of all States' civil servants to eliminate payroll fraud.  Establishment of efficiency unit.  Federal Government online price guide to be made available for use by states.  Introducing a system of continuous audit (internal audit)  Public financial management.  Creating a fixed asset register.  Privatization or concession of suitable State-owned enterprises to improve efficiency and management.  Establishing a Capital Development Fund (CDF) to ring-fence capital receipts and adopt accounting policies to ensure that capital receipts are strictly applied to capital projects.  Domesticating the Public Procurement Act (PPA).  Domesticating the Fiscal Responsibility Act (FRA).  Sustainable debt management.  Attainment and maintenance of a credit rating by each state.  Accessing funds from the capital market.  Publishing a benchmark rate for municipal loans.  Maintaining total liabilities and debt service thresholds.  Establishing a sinking fund and a consolidated debt service account.  Debt sustainability analysis.  Solvency ratio of states.  Liquidity ratio of states.
dc.identifier.isbn978-978-56975-2-0
dc.identifier.urihttps://nigeriareposit.nln.gov.ng/handle/20.500.14186/1839
dc.language.isoen
dc.publisherAbuja: Nigeria Governors' Forum secretariat
dc.titleAn Assessment of the fiscal sustainability of states
dc.typeArticle
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Assessment_of_the_Fiscal_Sustainability_of_States_.pdf
Size:
898.06 KB
Format:
Adobe Portable Document Format
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.81 KB
Format:
Item-specific license agreed to upon submission
Description:
Download
Collections
Articles