AN EVALUATION OF DEPT MANAGEMENT STRATEGIES FOR EFFECTIVE PUBLIC FINANCIAL MANAGEMENT IN NIGERIA: A CASE STUDY OF CENTRAL BANK OF NIGERIA SOKOTO.

Abstract

In a modern economy,there is distinction between the surplus economic units and the deficit economic units and in consequence a separation of the savings investment mechanism.This has necessitated the existence of financial institution whose jobs include the transfer of funds from savers to investors.It is generally expected that developing countries, facing a scarcity of capital, will acquire external debt to supplement domestic saving. However, whether or not external debt would be beneficial to the borrowing nation depends on whether the borrowed money is used in the productive segments of the economy or for consumption.