Phrases with «fiscal federalism»

Fiscal federalism refers to how money is managed and distributed between the central government and regional or local governments within a country. It involves the sharing of financial resources and responsibilities, with the central government usually collecting taxes and allocating funds to regional governments based on their needs and priorities. This system helps balance economic power and decision-making authority between the different levels of government. Full definition

Sentences with «fiscal federalism»

  • He posited that what the nation should do was to first attempt a more equitable level of fiscal federalism before adopting drastic alternations that may likely plunge the country into uncertainty. (nigeriapoliticsonline.com)
  • On its own part, UYLA, while thanking the Federal Government for initiating the visit, called for true fiscal federalism as well as an increase in derivation benefit to the region from 13 to 50 per cent within every period of five years. (punchng.com)
  • My recommendation for urgent restructuring, devolution of powers from the Centre to the federating units, enthronement of true fiscal federalism, all of which the National Conference argued, fought for, disagreed, agreed on and finally consensualized upon, between its inauguration by former President Goodluck Ebele Jonathan, on March 17, 2014, to August 14, 2014, is to avoid a violent break - up of Nigeria. (securitykingng.org)
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