ABSTRACT
This research project is an empirical investigation into Public Sector Budget Implementation and Performance of the Economy in Nigeria. The study covered a period of thirty two (32) years: 1981-2012. In order to achieve the objectives of the study, data was collected from Central Bank of Nigeria statistical Bulletin, two (2) hypotheses were formulated and tested using the ordinary least squares method of the multiple regression analyses. The results of the data analyses indicated that: both recurrent and capital expenditure of the federal government were positively related to the performance of the economy although only recurrent expenditure was statistically significantly in explaining economic performance. On the basis of our findings, we make the following recommendations: The federal government should increase its budgets in the area of capital expenditure. The government should also endeavour that proper and complete implementations on the budget with regards to infrastructural development mostly at the grassroots is made. The government should also introduce measures that will bring about an optimal level with reference to the relationship between capital and recurrent expenditure. This is because the current system seems to favour the recurrent expenditure.
INTRODUCTION
................. Budget in modern times means a document which contains estimates of revenue and expenditure of a country usually for the fixed period of time usually for one year. Budget is one of the few words that command a definite meaning in almost all the contexts it appears. It carries with it the message of an estimate of resources expected for an entity both in value and source and how the resources will be spent for an identified period of time.All entities, individuals, corporations’ organizations and governments can make budgets. The budget is defined as an estimate of the expected income and expenditure of government for a specified future period, usually one year. It is a functional plan making and consequent control of expenditure. The budget is an essential instrument in the planning and control of the financial affairs of a country (Begans working paper 3, budget and public expenditure across Nigerians state 2006).
According to Oguonu C. N. (2009) “A budget is the forecast by a government of its expenditures and revenues for a specified period of time usually a year. It is a financial statement of estimated income and expenditures covering a specified future period of time”. Edame (2008) states “if budgeting is of interest because of all the reasons above, it is obviously, a many-faceted phenomenon.
According to Onah & Edame (2008), budgeting can be viewed from several perspectives which include: As an allocation mechanism whereby a significant proportion of the nation’s resources and channels into effort decided upon in the government sectors. As a process for organizing the appropriation of money by elected leaders from specific purposes. As a stylized interaction among groups of governmental elites, all of whom have specific particular budgeting outcomes. As a technical tool for controlling expenditures, for managing agencies for planning programs. As a ritual in which many political and government figures go through the paces leading to a nearby-fore ordained concluding processes. As plain simple polities, by which is meant “who gets what, when and how”. ...............
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CHAPTER ONE: INTRODUCTION
1.1 BACKGROUND OF THE STUDY
1.2 STATEMENT OF THE PROBLEM
1.3 PURPOSE OF THE STUDY -
1.4 RESEARCH QUESTIONS
1.5 RESEARCH HYPOTHESES
1.6 SIGNIFICANCE OF THE STUDY
1.7 LIMITATIONS OF THE STUDY
1.8 SCOPE OF THE STUDY
1.9 DEFINITION OF TERMS
1.10 ORGANIZATION OF THE STUDY
REFERENCES
CHAPTER TWO: REVIEW OF LITERATURE
2.0 INTRODUCTION
2.1 THEORETICAL LITERATURE
2.2 BUDGETING AND APPROPRIATION PROCESS
2.3 FORECASTING AS A BUDGETING TOOL
2.4 IMPLEMENTATION/PERFORMANCE-BASED BUDGETING IN NIGERIA
2.4.1 Adopt a Comprehensive Strategic Plan for all Agencies Prior to Implementation of PBB
2.4.2 Link Resources to Performance Measures Using activity-based Costing
2.4.4 Ensure that performance measures are results- oriented
2.4.5. Include Performance Incentives, Benchmarking, and Oversight Provisions
2.4.6 Communicate results to participating agencies, the Legislature, and the public
2.4.7 Expand the PBB Implementation Time Frame
2.4.8 Implement PBB during a Sustained Economic
2.4.9 Ministry Of Finance (MOF) should Coordinate PBB for the States and Local Governments
2.5 REVIEW OF EMPIRICAL LITERATURE
REFERENCE
CHAPTER THREE: RESEARCH METHODOLOGY
3.0 INTRODUCTION
3.1 RESEARCH DESIGN
3.2 SAMPLE SIZE DETERMINATION
3.3 DATA COLLECTION METHOD
3.4 OPERATIONAL MEASURE OF VARIABLES
3.5 DATA ANALYSIS TECHNIQUE
REFERENCES
CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
4.0 INTRODUCTION
4.1 DATA PRESENTATION
4.2. DATA ANALYSIS AND INTERPRETATION OF RESULTS
4.3 HYPOTHESES TESTING
CHAPTER FIVE: DISCUSSION OF FINDINGS, CONCLUSION AND RECOMMENDATION
5.0 INTRODUCTION
5.1 DISCUSSION OF FINDINGS
5.2 CONCLUSIONS
5.3 RECOMMENDATIONS
BIBLIOGRAPHY
APPENDICES
Reference code: c027
Reference code: c027
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83 Pages
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