BUDGET AND BUDGETARY CONTROL AS A TOOL FOR ACCOUNTABILITY IN GOVERNMENT PARASTATALS

Government and private establishment prepare estimates of income and expenditure which are planned by an organization for a specific period. Consequent upon this, we aim at finding out how budgets both organized private sector and in government are prepared, used/or applied for effective decision making and for enhancement of profit maximization so to say. In a bid to achieve good result from the study, it became necessary to work in chapters. Chapter one: introduction, the research work stated the problem associated with budget and budgetary control in government parastatals, listed the objective, significance of the study, its scope and limitation implying on the study. Chapter two: reviewed the existing literature in relation to budgetary and budgets. Chapter three: presented the sources of data used by the researchers. Chapter four: presented various data collected and their analysis. The hypothesis was listed using CHI-SQUARE METHOD. Chapter five: presented the summary of finding, made certain conclusion and suggested various recommendations and measures to improve the budget and budgetary control in government parastatals.