Budget And Budgetary Control In The Public Sector Financial Management

OSONDU CHIMEZIE | 78 pages (15287 words) | Projects

ABSTRACT

This research is on budget and budgetary control in the public sector financial management with a case study of the federal ministry of transportation Umuahia. The specific objective of this project are: To find out how budget can be used to control over spending of expenditure contained in the appropriation act; To know the extent to which budget implementation has been improved by the use of budgetary control. To know the calibre of staff that is used in the budget unit of the ministry etc. in the COUFSC 01 thiS research work primary (lain are collected using questionnaires, interview and observation. Oral interview were used to substantiate and elucidate the validity and objectivity of the information supplied in the questionnaire by the respondents. The data were presented in tables with simple percentage to show degree of responses and chi-square was used to test the hypotheses. The major findings of the study are lack of qualified personnel, excess expenditure that are not approved in the appropriation act. The wrong used of budgetary control process on the budget preparation and lack of adequate and up-to-date budgeting which has resulted to poor forecasting and unfavourable variance in budget. Since budget, process from planning to implementation constitutes the cynosure of all eye some of the recommended solutions to the identified problems include. Government should set a monitoring team to ensure that the expenditure made is the one approved in the appropriation act. Professionals should be employed in the budget departments and existing staff given adequate in-service training, variance analysis forms should be completed monthly and forwarded to the Accountant General of the Federation (AGF), adequate and reliable up to date data should be used in budgetary control measure in the implementation, preparation and submission etc It is anticipated that the identification of the major problems and implementation of the recommendation here in will ensure effective and efficient budgetary control system that will no doubt guarantee and improved the achievement of the ministry's functions.

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APA

OSONDU, C (2021). Budget And Budgetary Control In The Public Sector Financial Management . Mouau.afribary.org: Retrieved Nov 02, 2024, from https://repository.mouau.edu.ng/work/view/budget-and-budgetary-control-in-the-public-sector-financial-management-7-2

MLA 8th

CHIMEZIE, OSONDU. "Budget And Budgetary Control In The Public Sector Financial Management " Mouau.afribary.org. Mouau.afribary.org, 22 Jul. 2021, https://repository.mouau.edu.ng/work/view/budget-and-budgetary-control-in-the-public-sector-financial-management-7-2. Accessed 02 Nov. 2024.

MLA7

CHIMEZIE, OSONDU. "Budget And Budgetary Control In The Public Sector Financial Management ". Mouau.afribary.org, Mouau.afribary.org, 22 Jul. 2021. Web. 02 Nov. 2024. < https://repository.mouau.edu.ng/work/view/budget-and-budgetary-control-in-the-public-sector-financial-management-7-2 >.

Chicago

CHIMEZIE, OSONDU. "Budget And Budgetary Control In The Public Sector Financial Management " Mouau.afribary.org (2021). Accessed 02 Nov. 2024. https://repository.mouau.edu.ng/work/view/budget-and-budgetary-control-in-the-public-sector-financial-management-7-2

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