DIVERSIFICATION OF LOCAL GOVERNMENT REVENUE BASE THROUGH DEBT FINANCING AND ITS ECONOMIC IMPLICATIONS TO THE LOCAL COMMUNITY
DR. NNANTA, N. ELEKWA SUB-DEPARTMENT OF PUBLIC ADMINISTRATION AND LOCAL GOVERNMENT UNIVERSITY OF NIGERIA, NSUKKA ABSTRACT This paper suggests that borrowing can be considered as an alternative way to taxation in which government can secure the revenues that it needs to finance services. Taxation could be seen as a fiscal process of “exchange” whereby taxes…