EFFECT OF PUBLIC SECTOR ACCOUNTING INFORMATION ON PUBLIC DEBT MANAGEMENT AND FISCAL SUSTAINABILITY IN NIGERIA
Abstract
Public sector accounting information plays a critical role in ensuring transparency, accountability, and informed decision-making in debt management and fiscal policy formulation. This study examines how accounting information systems contribute to effective public debt management and fiscal sustainability, with particular focus on developing countries such as Nigeria. Using a mixed-methods approach and drawing on primary data from 10 firms which served as the sample of the study, it was found that efficient accounting information systems enhance debt reporting, improve budget credibility, and foster fiscal discipline. However, weak institutional capacity, lack of transparency, and poor data quality remain key challenges. The paper concludes that strengthening public sector accounting practices is essential for achieving sustainable fiscal outcomes and recommends policy measures such as improved accrual-based reporting, capacity building, and integration of digital public financial management (PFM) systems.
Keywords: public sector accounting, public debt management, fiscal sustainability, Nigeria
Prof. Joshua Kenechukwu Onuora
Department of Accountancy,
Chukwuemeka Odimegwu Ojukwu University,
Igbariam, Anambra State
Jk.onuora@coou.edu.ng
Dave-Okoli, Ngozika Maryann
Department of Accountancy,
Chukwuemeka Odimegwu Ojukwu University,
Igbariam, Anambra State
Ngozidave2000@gmail.com