Hindrances to Budget Implementation in Nigeria

Hindrances to Budget Implementation in Nigeria Dr Eghe Abe Introduction Government pick up is a very significant tool of economic solicitude and political governance. It constitutes the framework for providing goods and services by government. It is an annual pecuniary and economic plan which serves as a vehicle for mobilization, apportionment and management of resources. In Nigeria, figure implementation has been a major(ip) take of concern and issues of poor implementation have labored accomplishment of most spelt out development goals and objectives. This is unremarkably manifested in many abandoned development projects as salubrious as making execution of projects a washy touch in the work out process. In the past decade, the rate of prominent reckon implementation has varied widely1,2. The Nigeria government is under a constitutional obligation to make a compute all told fiscal year. The compute simply put is a logical argument of in fill out and ex pense and an indication of the governments expenditure priorities for the year. The budget is the most important economic insurance pecker for governments. It reflects a governments social and economic indemnity priorities more(prenominal) than any other document. It trans ripes policies, campaign promises, political commitments and goals into decisions on where hard cash should be spent and how funds should be collected. A well-functioning budget system is vital to the formulation of sustainable fiscal policy and facilitates economic growth. In Nigeria, our economic problems are exacerbated by the weakened budget systems in all tiers of government and faulty budget choices3,4. Every year, Nigerians hear of trillions of naira budgets by all tiers of government. But at the end of the year, our people are always at a loss as to where the monies were invested. Budgets that were described by government in laudable terms usually end up resulting in decreased standard of living for the average Nigerian. Accusations of dis! regard for the budgets, upstart passage of the...If you want to get a full essay, come out it on our website: OrderEssay.net

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