Budget Deficit And Domestic Private Investment In Nigeria:- Nwosu, Ieanyichukwu P

ABSTRACT

The importance of economic growth in the life of means of reducing poverty and raising determinants of the rate of growth m an economy is the rate of investment. Countries with high rate of investments experience high rate of growth, while countries with low investment rate are slow in their growth process (Tawiri, 2010). The maintenance of sustained rates of growth stems from the importance of investment as a prerequisite for development. In general, the attainment of economic growth through investment in developing countries has involved the extensive use of fiscal policy which has resulted in the maintenance of a sustained budget deficit (Umaru and Gatawa, 2014).