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BUDGETING IN LOCAL GOVERNMENTADMINISTRATION

(Accounting)

BUDGETING IN LOCAL GOVERNMENT ADMINISTRATION

ABSTRACT

            It is the aim of this study to find out problems that have characterized the budget implementation process in local government administration. This research work has three chapters. Chapter one contains a general discussion of budgeting by the Nigeria government. It went further to state the problem and functions of local government administration. A number of past-related literature examined by other studies as it relates to the application of budgetary concept in the local government administration are highlighted in chapter two.

            Finally, the summary and conclusion on the research and recommendations made by the researcher are all in chapter three. If government would put the recommendations made in the study to use, there will be accountability, responsibility and transparency in budgeting of local government administration.

TABLE OF CONTENT

CHAPTER ONE

1.0              Introduction                                                                           

1.1       background of the study                                                        

1.2              Statement of the problem                              

1.3              Purpose of the study                                      

1.4              Significance of the study                               

1.5              Research hypothesis                                       

1.6              Scope and limitation of study                        

1.7              Definition of terms                                                                

CHAPTER TWO

2.0              Review of literature review                                       

2.1       Budgets                                                                                  

CHAPTER THREE

3.0              Summary and conclusion                               

References                                                                 

CHAPTER ONE

1.0              INTRODUCTION

            Local government is the third tier of government under the federal system of government. Each tier like an individual raises revenue to meet up its expected expenditures over a future of time, usually one year. At the local government level, and in accordance with section 75 (1) of 1979 or section 114 of the local government shall in each year: cause to be prepared in accordance with any directions made in that behalf by the executive council, a detailed estimate of its revenues and expenditure for the next ensuring financial year. Consider and approve.

Consider and approve with or without modifications, such estimates and submit to the executive council within such manner as may be directed by it, a copy of the estimates approved by the local government and of the resolution of the local government council giving such approval.

            The executive council shall consider an annual estimate submitted by a local government in order to ensure that, it is not inconsistent with the general budgetary measures adopted by the state for the succeeding financial year.

With the 1991 budget of Babangida administration, the new revenue allocation formula has been introduced. The local government has increased from 10% to 15%. The importance of local government role is also broaden. The Abacha’s administration also echoed the position of local government councils, and even raised the percentage share of the federal account from 15% to 20%. This with more norms given to the local government councils as it has been said, then a lot is expected from them.

1.1       BACKGROUND OF THE STUDY

            At the budget speech of January 1999 by the president Abdusalami Abubakar, he retained the existing formular of revenue allocation with 36 state in Nigeria. The historical development of revenue allocation in Nigeria is dated back to the fiscal report of sir Philipson commission published in 1947 and titled “The administration and financial procedure under the 1946. Richards constitution since then, Nigeria has put into trials more than twelve formulae for the sharing of national revenue. Unfortunately none has been found satisfactory by everybody, and each one has generated more controversy than the last one. At the local government level similar problems has been the order of the day. In this study the writer sought to find out how budgeting is been carried out in the local government administration.

1.2              STATEMENT OF THE PROBLEM

This study entitled “Budgeting in local government administration attempts to examine and to understand the major areas where local government administration source their funds: In this regard, an attempt is made to find out:-

-          The functions of local government administration

-          Sources of local government revenue

-          Problems of budgeting in local government administration        

1.3              PURPOSE OF THE STUDY

The project writer intends to provide information on local government budgeting and study its problems and possible recommendation.

1.4              SIGNIFICANCE OF THE STUDY

This study is important because it will definitely reveal the need for appropriate budgeting in local government administration so as to provide sustainable growth and development in human capital and physical infrastructure in local government administration.

1.5              RESEARCH TECHNIQUES

In this study, the researcher made use of both primary and secondary data. Primary data were collected through oral interviews of local government in Enugu state. Additional information was got from textbooks, magazines, and write-ups. These sources of secondary data.

1.7       DEFINITION   OF TERMS

BUDGET: It is the financial statement of the sources (revenue) and uses (expenditure) of fund of the government it isi prepared by the ministry of finance and then presented to the parliament for discussion and approval.

LOCAL GOVERNMENT: It is the type of government that help either the federal or state government to carry out effective administration of the country at the grass-root level.

REVENUE: It is the government income. It is the money realized by the government to meet its current expenditure.

EXPENDITURE: It is the general expenses.

 TERMS AND CONDITIONS

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1. As a source for additional understanding of the subject

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4. Direct citing ( if referenced properly)

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    Project Details

    Department Accounting
    Project ID ACC0205
    Price N3000 ($14)
    CHAPTERS 3 Chapters
    No of Pages 17 Pages
    Methodology nil
    Reference YES
    Format Microsoft Word

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