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Fiscal Rules and Budget Deficit Control in Emerging Economies: Evidence from Nigeria (2023-2026)

This study examined fiscal rules and budget deficit control in emerging economies, with evidence from Nigeria between 2023 and 2026. Rationale for the study was the persistent fiscal deficits in Nigeria despite formal fiscal regulations designed to ensure discipline and sustainability. The main objective was to assess effects of Fiscal Responsibility Act (FRA 2007) enforcement, adherence to public debt rules, and growth in government expenditure on budget deficit control during the study period. A descriptive research design was adopted, and secondary data were obtained from official governmen…

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