Research
Effect of Public Debt on Economic Growth in Sierra Leone
Introduction- The government of Sierra Leone in 2017 indicated that increasing borrowings along with tax measures are the only options available to drive the economy out of recession and sustain growth for now Smith (2017). Debt can be defined as any money owed by an individual, firm or government to a lender. Luke (2017) defined debt as a contractual obligation of owing or accumulated borrowing with a promise to payback at a future date. A developing country like Sierra Leone, wanting to mobilize capital resources to foster economic growth may at one-point resort to borrowing. But why do countries borrow? Countries borrow because of their inability to generate enough savings which could be used for investment. According to Johnson (2018) the amount of capital available in most developing countries treasury is grossly inadequate to meet their economic growth needs due to low productivity, low savings and high consumption pattern.
Effect of Inflation on Economic Growth in Sierra Leone Alpha Bernard Bangura
Introduction- Economic growth is a key policy objective of any government. In addressing the pertinent issues in economic management, experts and economic planners have had to choose between or combine some of the macroeconomic variables. Economic growth, which is measured by Gross Domestic Product (GDP) confers many benefits which include raising the general standard of living of the population as measured by per capita national income, making income distribution easier to achieve, enhance time frame of accomplishing the basic needs of man to a substantial majority of the population. (Barnes, 2017)
