BUDGET AND BUDGETARY CONTROL SYSTEM AS A TOOL FOR EFFECTIVE DECISION AND PLANNING

Student: Blessing Akogwu
Supervisor: Mr Ganyu O. Alani
HOD: Dr Ugbede Onalo
Department of Accountancy
School of Business
Federal Polytechnic, Idah, Kogi State

Abstract

The study examined Evaluate Use of Budget and Budgetary Control System as a Tool for Effective Decision and Planning, the study adopted survey research design. The study collected data using questionnaire, 26 questionnaires were distributed and 20 questionnaires were completed and returned. the study collected data were analyzed using simple percentage and table and the hypothesis were tested using simple linear regression and the result of the findings shows that recurrent budget expenditures have a statistically significant positive effect on economic growth, a result consistent with several empirical and theoretical studies in development economics and capital budget has no significant effect on economic growth and the study recommended that government should Prioritize and increase funding for recurrent budget items with demonstrated growth linkages, particularly education and health sector expenditures that enhance human capital formation Implement performance-based budgeting systems for recurrent expenditures to ensure efficient utilization of funds and measurable outcomes Strengthen public financial management systems to improve the quality and effectiveness of recurrent spending

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