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Conceptual Assessment of the Multidimensional Nature of Budgeting In Nigeria

Ebong, Edem Asuquo Eteng Edet Enang Inah, Emmanuel Mkpe Ndum, Victor Etim

Subject area: Arts, Social Sciences and Humanities  ·  Area of research: Public Policy and Administration

Abstract

A budget is the principal instrument of fiscal policy used to encourage stable growth, sustainable development and prosperity in the economy. It is a comprehensive document that outlines what economic and non-economic activities a government wants to undertake with special focus on policies, objectives and strategies for accomplishments that are substantiated with revenue and expenditure projections. This paper examines the multidimensional nature of budget and the budgeting process in Nigeria. It considers budgeting as politics,process, game, ritual, expression of policy, allocator and technical administrative tool. It recommended that actors in the budgeting process must take into consideration, the multifaceted nature of budget before concluding decisions on the budget document.

References

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[3] Department for International Development (2007). Understanding the politics of the budget: What drives change in the budget process? Available from http://www.frp2.org/english/Portals/0/Library/Budgeting/Understanding%20the%20politics%20of%20the%20budget%20What%20drives%20change%20in%20the%20budget%20process %20%20-%20Full%20Text.pdf (accessed on 12/November/2014).

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[9] Jones, L. R. & McCaffery, J.L. (1994). "Budgeting According to Aaron Wildavsky: A Bibliographic Essay," Public Budgeting and Finance, 14(1). Pp 16-43.

[10] Ndum, V. E. Onukwugha, C. H. (2012). Global Mindset and Sustainable Development in Africa- A Synergy. Mediterranean Journal of Social Sciences, 3(13). 29-39.

[11] Ndum, V. E. & Udoye, (2020). Role of Government in the Internationalization of Tertiary Education in Nigeria. Iconic Research and Engineering Journals, 9(4), 94-99.

[12] Nyong, B.E. (2002). Budget and budgeting process: the public sector experience. Calabar, Jery commercial productions. Pp 83-99.

[13] Ohanele ,C. (2010).Government budgets in Nigeria: Who Benefits?. Available: http://community.eldis.org/.59d26 ad6

[14] Ojo, E.O. (2012). Constraints on Budgeting and Development Plan Implementation in Nigeria: An Overview. European Journal of Sustainable Development, 1(3), pp. 445-456.

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[17] Parliamentary Centre (Africa Programs) (2010). The Budget Process in Africa: A Comparative Study of Seven Countries. Ottawa, Canada: Parliamentary Centre

[18] Savoie, D. J. (1990). The Politics of Budgeting in Canada, Toronto: University of Toronto Press.

[19] Wildavsky, A., (1978). "A Budget for All Seasons? Why the Traditional Budget Lasts," Public Administration Review, 6(2): 501-509?

How to cite this paper

Ebong, Edem Asuquo, Eteng Edet Enang, Inah, Emmanuel Mkpe, Ndum, Victor Etim "Conceptual Assessment of the Multidimensional Nature of Budgeting In Nigeria" Iconic Research And Engineering Journals Volume 5 Issue 3 2021 Page 126-136
Ebong, Edem Asuquo, Eteng Edet Enang, Inah, Emmanuel Mkpe, Ndum, Victor Etim "Conceptual Assessment of the Multidimensional Nature of Budgeting In Nigeria" Iconic Research And Engineering Journals, vol. 5, no. 3, Sep. 2021
Ebong, Edem Asuquo, Eteng Edet Enang, Inah, Emmanuel Mkpe, Ndum, Victor Etim (2021). Conceptual Assessment of the Multidimensional Nature of Budgeting In Nigeria. Iconic Research And Engineering Journals, 5(3).
Ebong, Edem Asuquo, Eteng Edet Enang, Inah, Emmanuel Mkpe, Ndum, Victor Etim "Conceptual Assessment of the Multidimensional Nature of Budgeting In Nigeria" Iconic Research And Engineering Journals, vol. 5, no. 3, Sep. 2021.
@article{1702927,
      author = {Ebong, Edem Asuquo, Eteng Edet Enang, Inah, Emmanuel Mkpe, Ndum, Victor Etim},
      title = {Conceptual Assessment of the Multidimensional Nature of Budgeting In Nigeria},
      journal = {Iconic Research And Engineering Journals},
      year = {2021},
      volume = {5},
      number = {3},
      pages = {126-136},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/17029271.pdf},
      abstract = {A budget is the principal instrument of fiscal policy used to encourage stable growth, sustainable development and prosperity in the economy. It is a comprehensive document that outlines what economic and non-economic activities a government wants to undertake with special focus on policies, objectives and strategies for accomplishments that are substantiated with revenue and expenditure projections. This paper examines the multidimensional nature of budget and the budgeting process in Nigeria. It considers budgeting as politics,process, game, ritual, expression of policy, allocator and technical administrative tool. It recommended that actors in the budgeting process must take into consideration, the multifaceted nature of budget before concluding decisions on the budget document.},
      month = {September},
  }