Budgeting In Public Economy Sector (A Case Study Of Enugu State Government)
The purpose of the study is to determine the effect of budgeting on the economic development of the state to determine the factors which account for the difference between the capital expenditure and the recurrent expenditure and to take an overview of the analysis of the relationship between estimated and actual expenditure in the last five financial years. The study is aimed at improving budgeting as an effective tool for financial planning and of the problem associated with this study include, ascertaining whether the budget is usually prepared aimed at realizing the states objectives or if the budge and make is usually ambitions, why are budgeting bigger of smaller over the years? What account for deficient of surplus budgets.
Five years consolidated financial statement of estimates of Enugu State of Nigeria, approved revenue estimated, actual revenue and revised revenue estimates. The instrument of data collection was a structured questionnaire and it was self-administered. The allowed for easy comparison. The finding reveal the “call circulars” are issued in July and at the “estimates committee” is the only body charge with reviewing proposals from every ministry and government bodies, the state has not adopted. The planning programming and budgeting system (PPBS). The states major source of revenue are the federation account is receivable short of the expected revenue. It was also found that while the civilian budget was mostly done at a deficit that of military government is either a balanced one or a surplus one. Continue reading Budgeting In Public Economy Sector