Many have asked – ‘why is it that the 2012 budget had become a source of acrimony between the legislators and the presidency’? Is it because of patriotism or self interest? We are of the view that a budget is, apart from being an estimate of expenditure and revenue, is more of a tool of economic management to stimulate growth and maintain financial stability.
At this month’s LBS breakfast, Bismarck Rewane of FDC attempts to evaluate the 2012 budget based on accomplishments rather than money spent - The quality of expenditure rather than the quantity disbursed.
The FDC analysts think that this debate is healthy as it increases the accountability in Government and elevates the quality of National discourse.
This is a special 2-Part edition, the first, deals with the News and Views in July 2012, and the second is a Macroeconomic and Business Outlook for the last half of 2012.
Please relax and enjoy this indepth and easy to read analysis of the Nigerian Economy.
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