- 20 Marks
PSAF – Nov 2014 – L2 – Q2 – The Budgeting Process in the Public Sector
Examination of government budgeting purposes, budget types, and factors affecting budget implementation in Nigeria.
Question
In all Government units, the executive arm prepares the budget and submits the same to the legislative arm for review, modifications, and approval. The approved budget serves as a basis for the activities of that government unit for the fiscal year under focus.
Required:
a. Explain any TWO main purposes which a government budget serves. (2 Marks)
b. Explain any THREE basic features of each of the following budget concepts:
- i. Performance budgeting. (6 Marks)
- ii. Zero-based budgeting. (6 Marks)
c. Nigeria is said to be low in budget implementation. Discuss any THREE key factors that negate efficient and effective budget implementation in the Nigerian public sector. (6 Marks)
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