Role Of Budget And Budgetary Control In Public Sector

CHAPTER ONE  INTRODUCTION 1.1    BACKGROUND OF THE STUDY The efficiency and effectiveness of the operation of any public or private enterprise depends on the control available to management in almost every organization. Therefore the number of activities going on must be recorded for attainment of the organization goals. The role of budget and budgetary control has become a very vital financial control and accountability device in the public sector and provide a formal basis for monitoring the progress of the entire economy. The organization must economize resources and discover the means of a…