Dynamics of Fiscal Policy and National Development in Nigeria

The study was designed to explore the relationship between fiscal policy and national development. Theexploratory research design was adopted in the investigation. Data were generated from both primary and secondary sources, which were found useful for the study. Fiscal policy is crucial in national developmentbecause manipulating revenueand expendituremeans that government must reduce taxation to increase spendingand vice-versa. In the public sector, the primary purpose of fiscal policyis ensuring that an agency operates within its budget limit. This means that public sector managers are charged withthe oversight of government’s revenues and expenditures, including budget management, corporate compliance, adherence to financial regulations,and plans. Data for the study were analyzed through the regression method, and the result showed positive association between fiscal policy and national development. Based on this finding, it was recommended among others that proper fiscal budgeting is essential fornational development.