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ECONOMIC AND POLITICAL DETERMINANTS OF PUBLIC SECTOR BUDGET DEFICITS: THE CASE OF NIGERIA
unpublished
The main focus of the paper is to analyze the effects of both economic and political variables on public sector budget deficits. The econometric results show that the main determinants of budget deficits include international capital inflow, international interest rate, debt service costs, public expenditure, political instability and economic growth. The author makes the following recommendations. Firstly, international capital should be used to finance projects that contribute meaningfully to
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