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Financing State Government Projects Through The Capital Market: Problems And Prospects, B. S. Adebusuyi
Financing State Government Projects Through The Capital Market: Problems And Prospects, B. S. Adebusuyi
Economic and Financial Review
The paper discuses the problems and prospects of raising funds from the capital market to finance state government projects. The need for viable alternatives to finance government projeds had not only been a topical issue but one that had engaged the attention of policy makers. This has arisen because conventional sources of government project financing have been proving increasingly inadequate. From a short review of available options for financing government projects such as statutory allocations, internally generated revenue, bank and non-bank domestic borrowings, donations and taxation, the paper discusses the relative advantages of capital market financing of government projects, principal …