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Full Project -PLANNING AND BUDGETING IN LOCAL GOVERNMENT

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ABSTRACT

Planning and Budgeting is of important to every organization in evaluating their strength and weakness by checking their performance for future improvement. The problems identified include the delay in the budgeting system and flexibility in adopting changes due undocumented plans which does not allow organizational growth. Also, there was inadequate budget monitoring exercise. The researcher in this respect recommends that planning and budget monitoring unit should be established.

CHAPTER ONE

INTRODUCTION

1.1 BACKGROUND OF THE STUDY

Local government plays their vital roles similar to that of the state government. Local government performs their duties to the totality of the economic activities of their area. Hence the revenue generated by this tier of government must be properly accounted and controlled in order to judiciously utilize them on the beneficial programmed to the masses.

The planning and budgeting in local government involved generally the financial control system of local government in such a way to protect their asset ensures that the arrangement is properly followed. Budget occupies a central position in economic and development of management decision. It is obviously known that government is so concerned about budgeting and planning so as to secure stabilization economic efficiency and effectiveness in the allocation and utilization of secure public resources.

It comprises of different department including budget department. The Budget office of the federation is in charge of planning and budgeting for the federation at large. They also ensure that revenue generated are disbursed at will. Budgeting is so important in macro-economic management and the budgeting process must involve all arms of government and local government.

Infact, budgeting has come a long way and it is becoming increasingly important and its impacts are felt in all spheres of our economy for so any reasons. There has been a steady increase in prominence of planning and budgeting.

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