Covenant university department of banking and finance



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COVENANT UNIVERSITY

DEPARTMENT OF BANKING AND FINANCE

COURSE CODE BFN 325


COURSE TITLE PUBLIC SECTOR FINANCE
COURSE LECTURERS

Prof. J. A. T Ojo B107 EXT 2037

Dr. Babajide A. A D402C EXT 2501

Ehimare A.O(Mr.) B402B Ext


COURSE OBJECTIVES
At the end of this course the students are expected

  • To provide a basic knowledge and skill needed for the understanding and analysis of problems related to Public Sector Finance.

  • To equip the students with logical skills needed for recognizing, defining and solving problems and making decisions.

  • To understand effective strategy in allocation of scare resources among the competing opportunities.

  • To expose the Students to the practice of Public finance and arouse their interest in Governance and Accountability in the public sector

Teaching Methods - Classroom Arrangement


Teaching Aids - White Board, Overhead projector, multimedia projector
Module 1

Week 1 Introduction to public finance & scope of public finance, computation ofnational income; income approach output.Expenditureapproach. Sources and Use of Government Funds, Federation Account, Consolidated revenue fund, receipt into consolidated revenue fund, development fund.

Week 2 Fiscal function; Fiscal institution Nigeria Introduction totaxation,personal income tax, income inequality, & equality.Alternative ways of Government Financing: Taxation, classification of tax, principles of good tax system, Basic concept of tax, effect of taxation. Personal income tax, income inequality & equity.


Week 3-4 Government revenue; revenue sharing application of parietooptimality to the issues of revenue allocation and Nigeria experience in the light of difference revenue allocation exercise.

Module 2
Week 5 - Government Expenditure: size of government spending &Consumption , trend in government activity, efficiency in government expenditure.
Week 6-7 - Borrowing: Public debt, types of public debt, sources, growth and magnitude of

Nigeria public debt; limitation to borrowing, causes of Nigeria’s debt problem; Taxation vs Borrowing, effect of public debt, debt burden and future generation, Nigeria debt service capacity ratio, Debt management techniques


Week 8 -Foreign aid, merits & demerits,Aids implication on the economy, theory &

practice of grants in relation to state & local government, effectiveness of grant.


Module 3
Week 9 - Implications of Public Financial Management for; Stabilization policies; fiscal

policies, monetary policy, automatic stabilizer, Fiscal functions; Fiscal institutions in Nigeria,


Week 10 - Public and social goods, criteria for evaluating public goods, assessment of sector

project& services, methods of project appraisal, Cost benefit analysis, social opportunity cost of capital

Week 11 - Budgetary process of Nigeria Government planning.
Week 12 - Introduction to fiscal stabilization.Fiscal Responsibility Act and Tax Reforms.

Week 13 & 14 Revision


Methods of grading – Essay question

Continuous Assessment 10%


Mid Semester Examination 20%
Examination 70%

Class Behaviour - Interactive & Demonstration



Topic for term paper/ Assignment – Review the 2007 Fiscal Responsibility Act.
References

    1. Johnson I.E (2009) Public Sector Accounting and Financial Control, Financial Training Nigeria, Surulere, Lagos.




    1. Adams R. A (2008) Public Sector Accounting and Finance, Corporate publishers venture, Yaba, Lagos.




    1. Public Sector Accounting Safe pack, (2008).




    1. Oshisami K 2000 Government Accounting & Financial Control, Principles & Practice. Spectrum Books Limited, Ring Road, Ibadan.




    1. Ola ROF, Offiong O.J (2009) Public Financial Management InNigera. Amfitop Books, Lagos Nigeria.




    1. Bhatia H.L Public Finance (2008) 24th Edition Vikas Publishing House PVT. Ltd India

    2. Premchand, A. (ed.) (1993) Government Financial Management: Issues and Country Studies, IMF Fiscal Affairs Dept.


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