Budgeting And Budgetary Control And Effective Financial Management In Government Parastatals In Nigeria

An organization plan entails the objectives to be, and the policies to enhance their attainment. These policies are transacted into action plans called budgets. The budget is a quantitative expression of managerial plans prepared and approved prior usually a year, while budgetary control compares actual results with budgeted performance and make for corrective action. Budget is as important to a country as to a state and to business organization. As a nation plan ahead in terms of revenue and expenditure within a specific period, so also business organization or state conceptualizes anticipate…