THE EFFECTIVENESS OF BUDGETING AS A MANAGEMENT PLANNING TOOL IN THE NIGERIA PUBLIC SECTORS WITH PARTICULAR REFERENCES TO 2004 NATIONAL BUDGET

834 Users found this project useful

CHAPTER ONE

INTRODUCTION

1.1   BACKGROUND OF THE STUDY

A budget is a standard with which to measure the actual achievements of people departments, firms, etc. it relates to a certain function, whether the function be a country, district, council, company division or an operating unit. It is the principal instrument that tempts to impose a sense of order on the multiplicity of public sector activities. It is a plan of revenues and expenditures for the forth coming fiscal year, and often, it is related to plans and project for a longer period as well. Thus the preparation for the annual budget is an occasion for introducing new programme and interrelating them with existing operations, an occasion for the review of considerations affecting operating efficiency of the system, an occasion for investigating administrative accountability, an occasion for decision making about the composition and level of government outputs, and also about the relative importance of the goals of stabilization, distribution and growth an occasion for review of the existing programmes as a basis for executive recommendations regarding their expansion or contraction  and an occasion for enforcing constitutional.

1.2     OBJECTIVES OF THE STUDY

This research is aimed at accomplishment of some objectives. It will examine and highlight the roles of budgeting with reference to 2004 National Budget

To achieve these, the research has to:

a) Ascertain the role of budgeting in public sector management.

b) Ascertain the system of budgeting in public sector management.

c) Apprise the role of budgeting in situation of frequent erratic changes.

d) Analyze the impact of the role of budgeting in public sector management.

e) Ascertain whether budgeting accomplishes its practical roles in the public sector management.

General, this project is aimed at arousing interest on the role of budgeting in private sector management in Nigeria. The aim is that enough consciousness towards budgeting will be awakened by this project to improve the effectiveness of the role of budgeting.