Fiscal Sustainability Plan Fiscal Framework for Sub-National Governments in Nigeria

Introduction
Fiscal frameworks have become increasingly common tools to enhance fiscal prudence and
public expenditure transparency in many countries.
This Draft Fiscal Sustainability Plan (FSP) aims to address the issue of fiscal responsibility, or
financial prudence, as part of the Federal Government’s on-going fiscal responsibility reform.
The FSP highlights 5 key strategic objectives, followed by 22 recommended action points, with
a view to achieving objectives around improved fiscal behaviour that will align both short-term
and long-term sustainability objectives of the Federal and State Governments.
From 2016 onwards, all State Governments are expected to abide by the Fiscal Sustainability
Plan’s strategic objectives around the five key elements of Accountability & Transparency,
Increase in Public Revenue, Rationalisation of Public Expenditure, Public Financial
Management Reforms, and Sustainable Debt Management.

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