2.13 KEY INSTITUTION INVOTLED IN BUGET PREPARATION
CHAPTER THREE
3.1 SUMMARY OF FINDINGS
3.2 RECOMMENDATION
3.3 CONCLUSION
INTRODUCTION
For an economy to achieve it’s goal, it is pre-determined at it’s effective
performance at the least possible cost. One mechanism to embark it’s budget is the budget.
The growth of any organization is determine by planning. Planning helps in deciding ahead of the future on what to do, how to do it, when to do it and who to do it.
The success of any organization lies on planning. Therefore planning means the setting of organizational goals and the means of achieving it. An economy without a plan has fail to plan.
Budgeting system guides the planning process.
Definition of Budget:
The Oxford Dictionary of accounting defines budget as “a financial or quantitative statement prepared prior to a specified period, contained plans and policies to be pursued during the period.
The states budget is prepared by its management and the process involve a higher degree of complexity than budgets prepared by business organization
Ugwu, A.
(2018). AN ECONOMY WITHOUT A BUDGET. Afribary. Retrieved from https://afribary.com/works/an-economy-without-a-budget-3838
MLA 8th
Ugwu, Anderson
"AN ECONOMY WITHOUT A BUDGET" Afribary. Afribary, 29 Jan. 2018, https://afribary.com/works/an-economy-without-a-budget-3838. Accessed 02 Dec. 2023.
MLA7
Ugwu, Anderson
. "AN ECONOMY WITHOUT A BUDGET". Afribary, Afribary, 29 Jan. 2018. Web. 02 Dec. 2023. < https://afribary.com/works/an-economy-without-a-budget-3838 >.
Chicago
Ugwu, Anderson
. "AN ECONOMY WITHOUT A BUDGET" Afribary (2018). Accessed December 02, 2023. https://afribary.com/works/an-economy-without-a-budget-3838
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