CHAPTER ONE
INTRODUCTION
1.0 BACKGROUND OF THE STUDY
In his budget of December 23, 2011 presented the year 2012 budget, there the governor of Enugu state governor Sullivan chime said that the thrust of the 2012 budget is poverty reduction of the people. The state government appreciated the dangers of delaying of delaying the narrowing of gay between the tow socio-economic order ,the rich and the poor so as to provide equal footing for both .
For proper integration of social and economic environment in the state ,it has become imperative to reduce unemployment and poverty in the state to the barest minimum . For us in Enugu state it meant drastic reduction in personnel cost ,recovery of government funds and properly filtered away during the civilian administration, increase in internal revenue generation ,judicious spending and accountability. Though ,a budget can be prepare simply on the basis of what was done on the previous year ,adjusted for any change in condition or scope of the activity that may be anticipate for the coming year, a soundly conceived budgetary plan should be such that will simulate the executive to take a more critical view of his own operation .
The fundamental difference between the public sector and private sector is that the later is organics and operated to make a profit for its owner while the former exists to provide services to its citizens substantially on a non-profit basis . The Enugu state Annual Budget like any other state in the federation consists of two segments: the recurrent expenditure and the capital expenditure .However the drastic collapse in oil revenue over the year is one factor that has seriously affected state budgets .
Also the recent federal government ban on the state from securing loan from external or internal sources and the heavy dependence on imports for essential raw material spare parts and capital goods has continued to affect the state budgeting . Others include unacceptable high rate of inflation and unemployment ,low productively ,and an adverse debt repayment position .it is this state of affairs that made Enugu state government to adopt the following strategies to achieve the derived goals .
A} Maximization of internal revenue by improving the revenue collection machinery and policies .
B} judicious management of expenditure so as to conserve scare fund .
C} concentration of attention on the execution and completion of some selected project in the various sector ; thereby avoiding the used mistakes of preaching scarce resources thing over tow many project and achieving little or nothing .
ACCOUNTABILITY CONCEPTS APPLICATION AND PUBLIC SECTOR ACCOUNTABILITY
Chapters 1–5 | ₦5,000
Get Complete Project Material NowThis Project is for You If:
- You are writing your final year project for the first time and don't want to make costly mistakes
- This is your exact topic, or very close to what your supervisor gave you
- Your supervisor has rejected one or more chapters and you don't know what to fix
- You are stuck on Chapter 3 or data analysis and nothing is making sense
- Your deadline is close and you are still far behind
- You can't find enough materials anywhere for your topic
Here's everything you get with the complete project package:
See Our Conversations With Students on WhatsApp
Students sharing their experience after using our service





What Other Students Are Saying
Can't find what you're looking for?
Search thousands of project topics across every department.
Related Project Materials
INVESTIGATING FORENSIC AUDIT AS A PANACEA FOR PREVENTING CORPORATE FRAUD IN CAMEROON'S PUBLIC SECTOR
CHAPTER ONE INTRODUCTION 1.1 Background of the study The proliferation of financial crimes in these developing economies is concerning and catastrophic, as numerous commercial orga…
📄 Project Material📋 54 pages👁 10,541 viewsINTERNAL AUDIT: EXAMINING ITS ROLE IN ENSURING ETHICAL CONDUCT IN CHENWI-ASSOCIATES, CAMEROON
INTERNAL AUDIT: EXAMINING ITS ROLE IN ENSURING ETHICAL CONDUCT IN CHENWI ASSOCIATES, CAMEROON CHAPTER ONE INTRODUCTION Background of the Study Auditing plays a crucial role in guar…
📄 Project Material📋 54 pages👁 9,600 viewsEXTERNAL AUDIT AND QUALITY OF ACCOUNTING AND FINANCIAL INFORMATION IN THE CAMEROONIAN PUBLIC SECTOR
CHAPTER ONE INTRODUCTION 1.1 Background of the study The main purpose of external audit as a governance mechanism is to enhance the accuracy and trustworthiness of the financial in…
📄 Project Material📋 54 pages👁 9,972 viewsEXAMINING THE ROLE OF FORENSIC AUDIT IN DETECTING FINANCIAL FRAUDS IN THE CAMEROONIAN PUBLIC SECTOR: A CASE STUDY OF THE MINISTRY OF TRANSPORT
CHAPTER ONE INTRODUCTION 1.1 Background of the study Forensic auditing and forensic accounting are often used interchangeably. It has been officially declared by experienced author…
📄 Project Material📋 54 pages👁 9,899 viewsEXAMINING THE IMPACT OF THE AUDIT REPORT ON INVESTMENT IN FINANCIAL INSTITUTIONS IN CAMEROON
CHAPTER ONE INTRODUCTION 1.1 Background of the study According to the Companies Act, all registered companies must present audited accounts to their shareholders during the Annual…
📄 Project Material📋 54 pages👁 9,715 views
See More Accounting Final Year Research Project Topics & Materials »
