Role of Budgeting in the Management of Public Institutions: A Case Study Of Federal Inland Revenue Service (FIRS)

Reference code: C066

ABSTRACT

This research project investigates the role budgeting in the management of public institutions using Federal Inland Revenue Service (FIRS) as a case study. In order to achieve the objectives of the study, two hypotheses were formulated and data collected through the issue 72 structured questionnaires to the management staff of the service. Data collected was analysed using Pearson Coefficient of Correlation. Form the data analyses, it was found that: there is a positive and statistically significant correlation between Federal Inland Revenue Service budgeting activities and effective management of the service. We also found that: a positive albeit statistically insignificant correlation between the budgeting activities of Federal Inland Revenue Service and it efficiency in service delivery. Based on our findings, we concluded that: Budgeting is an important tool in improving management effectiveness. We also concluded that Budgeting plays an important role in the improvement of service delivery of Federal Inland Revenue Service. It was consequently recommended that: There is need for FIRS to continually improve on its budgeting implementation. All levels and cadres of management in the Federal Inland Revenue Service should as a matter of necessity be consulted and taking into consideration in making and implementing the service’s budgets. Finally, all staff of the service should be educated on the need to adhere strictly to implementation procedures as spelt out in the budget.

INTRODUCTION

............... A budget is a framework for revenue and expenditure outlays over a specified period usually one year (Olurankise (2012)). It is an instrument stipulating policies and programmes aimed at realizing the development objectives of a government. Meigs and Meigs, (2004) defined budgets as a comprehensive financial plan, setting forth the expected route for achieving the financial and operational goals of an organization”. Earlier before then, Omolehinwa (2003) viewed Budget as the plan of dominant individuals in an organization expressed in monetary terms and subject to the constraints imposed by other participants and the environment indicating how the available resources may be utilized to achieve whatever the dominant individual agreed to be the organization’s proprieties”.
Very recently, budgeting in Nigerian has continued to spring up various controversies as to the modality for preparation and administration in the country due to continuous change in government and consequential change in policy and ideology. Most especially with the understanding that a large percentage of the country’s population has gotten, this has made them advocate the need to review the size of governance in order to push up the provisions available for more necessary projects. Only recently too was the controversy over the oil benchmark that has hindered the national assembly from the passage of the 2013 budget due to dispute over the price that must be used for budgeting purposes. It is important to state here that implementation cannot be discussed without appropriate planning and reassessing coupled with proper monitoring to facilitate it efficient implementation.
Budgeting and its process in Nigeria remain problematic both in the areas of preparation and implementation, hence, the need for adequate control aimed at improving effective resources utilization at the budget implementation stage. ...............FOR ACCESS TO THE FULL PROJECT WORK, USE THE ORDER NOW! BUTTON BELOW

TABLE OF CONTENT
CHAPTER ONE:
INTRODUCTION
1.1 BACKGROUND OF THE STUDY 1
1.2 STATEMENT OF RESEARCH PROBLEM 4
1.3 PURPOSE OF THE STUDY 5
1.4 STATEMENT OF RESEARCH QUESTION 6
1.5 RESEARCH HYPOTHESES 6
1.6 SIGNIFICANCE OF THE STUDY 7
1.7 SCOPE AND LIMITATION OF STUDY 7
1.8 ORGANIZATION OF STUDY 8
1.9 DEFINITION OF TERMS 9

CHAPTER TWO
REVIEW OF RELEVANT LITERATURE
2.0 INTRODUCTION 11
2.1 THEORETICAL LITERATURE 12
2.2 BUDGETING AND APPROPRIATION PROCESS 23
2.3 FORECASTING AS A BUDGETING TOOL 30
2.4 IMPLEMENTATION/PERFORMANCE-BASED BUDGETING IN NIGERIA 33
2.5 REVIEW OF EMPIRICAL LITERATURE 43

CHAPTER THREE
RESEARCH METHODOLOGY
3.1 INTRODUCTION 51
3.2 RESEARCH DESIGN 51
3.3 RESEARCH POPULATION 52
3.4 SAMPLING PROCEDURE/SAMPLE SIZE DETERMINATION 52
3.6 VALIDITY AND RELIABILITY OF INSTRUMENT 54
3.7 METHODS OF DATA COLLECTION 55
3.8 DATA ANALYSES TECHNIQUES 56

CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS
4.0 INTRODUCTION 57
4.1. DATA PRESENTATION 57
4.2: TEST OF HYPOTHESIS 66

CHAPTER FIVE
SUMMARY CONCLUSIONS AND RECOMMENDATIONS
5.1 SUMMARY 69
5.1 DISCUSSION OF FINDINGS 69
5.2 CONCLUSIONS 71
5.3 RECOMMENDATIONS 71
BIBLIOGRAPHY 73
APPENDICES 79

Reference code: C066

Reference code: C066

85 Pages
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