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.
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
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.
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 >.
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