Budget Implementation – NBC Institute

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)

Answer

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Tags: Budget Efficiency, Budget Implementation, Government Budget, Nigerian Public Sector, Performance Budgeting, Zero-Based Budgeting
Level: Level 2

Topic: The Budgeting Process in the Public Sector

PSAF – May 2018 – L2 – Q5 – The Budgeting Process in the Public Sector

Explains the concept of a national budget, surplus and deficit budget implications, and challenges in the implementation of national budgets in Nigeria.

Question

In government’s quest to optimally develop and efficiently manage available resources, national budgets are usually prepared to put economic development firmly on course.

Required:

a. Describe briefly a national budget. (3 Marks)

b. Explain briefly the implication of each of the following for the performance of the economy: i. A surplus budget ii. A deficit budget (4 Marks)

c. Explain FOUR problems to be encountered in the effective implementation of national budgets in Nigeria. (8 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Budget Implementation, Deficit Budget, National Budget, Surplus Budget
Level: Level 2

Topic: Budgeting
Series: MAY 2018

IMAC – MAR 2024 – L1 – Q2 – Budgeting

Explain the steps in the annual budgeting process, conditions for successful budget implementation, and identify short-term investment options available to Komba Ltd.

Question

Komba Ltd is a manufacturing company that wants to allocate some funds for short and long-term investments. To support this purpose, Komba Ltd is organizing its annual budget preparation for the coming year. Some senior management of the company are wondering what the budgeting process is about and would be interested in having a better understanding of the annual budgeting process.

Required:
As the cost accountant of Komba Ltd:
a) Explain FIVE (5) steps to be involved in the annual budgeting process. (10 marks)
b) State FIVE (5) conditions for a successful implementation of a budgeting process. (5 marks)
c) Explain TWO (2) short-term investments available to Komba Ltd. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Budget Implementation, Budgeting Process, Short-Term Investments
Level: Level 1

Topic: Budgeting
Series: MAR 2024

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

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)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Budget Efficiency, Budget Implementation, Government Budget, Nigerian Public Sector, Performance Budgeting, Zero-Based Budgeting
Level: Level 2

Topic: The Budgeting Process in the Public Sector

PSAF – May 2018 – L2 – Q5 – The Budgeting Process in the Public Sector

Explains the concept of a national budget, surplus and deficit budget implications, and challenges in the implementation of national budgets in Nigeria.

Question

In government’s quest to optimally develop and efficiently manage available resources, national budgets are usually prepared to put economic development firmly on course.

Required:

a. Describe briefly a national budget. (3 Marks)

b. Explain briefly the implication of each of the following for the performance of the economy: i. A surplus budget ii. A deficit budget (4 Marks)

c. Explain FOUR problems to be encountered in the effective implementation of national budgets in Nigeria. (8 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Budget Implementation, Deficit Budget, National Budget, Surplus Budget
Level: Level 2

Topic: Budgeting
Series: MAY 2018

IMAC – MAR 2024 – L1 – Q2 – Budgeting

Explain the steps in the annual budgeting process, conditions for successful budget implementation, and identify short-term investment options available to Komba Ltd.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Budget Implementation, Budgeting Process, Short-Term Investments
Level: Level 1

Topic: Budgeting
Series: MAR 2024

Question Tag: Budget Implementation

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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.

PSAF – May 2018 – L2 – Q5 – The Budgeting Process in the Public Sector

Explains the concept of a national budget, surplus and deficit budget implications, and challenges in the implementation of national budgets in Nigeria.

IMAC – MAR 2024 – L1 – Q2 – Budgeting

Explain the steps in the annual budgeting process, conditions for successful budget implementation, and identify short-term investment options available to Komba Ltd.

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.

PSAF – May 2018 – L2 – Q5 – The Budgeting Process in the Public Sector

Explains the concept of a national budget, surplus and deficit budget implications, and challenges in the implementation of national budgets in Nigeria.

IMAC – MAR 2024 – L1 – Q2 – Budgeting

Explain the steps in the annual budgeting process, conditions for successful budget implementation, and identify short-term investment options available to Komba Ltd.

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Question Tag: Budget Implementation

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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.

You're reporting an error for "PSAF – Nov 2014 – L2 – Q2 – The Budgeting Process in the Public Sector"

PSAF – May 2018 – L2 – Q5 – The Budgeting Process in the Public Sector

Explains the concept of a national budget, surplus and deficit budget implications, and challenges in the implementation of national budgets in Nigeria.

You're reporting an error for "PSAF – May 2018 – L2 – Q5 – The Budgeting Process in the Public Sector"

IMAC – MAR 2024 – L1 – Q2 – Budgeting

Explain the steps in the annual budgeting process, conditions for successful budget implementation, and identify short-term investment options available to Komba Ltd.

You're reporting an error for "IMAC – MAR 2024 – L1 – Q2 – Budgeting"

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.

You're reporting an error for "PSAF – Nov 2014 – L2 – Q2 – The Budgeting Process in the Public Sector"

PSAF – May 2018 – L2 – Q5 – The Budgeting Process in the Public Sector

Explains the concept of a national budget, surplus and deficit budget implications, and challenges in the implementation of national budgets in Nigeria.

You're reporting an error for "PSAF – May 2018 – L2 – Q5 – The Budgeting Process in the Public Sector"

IMAC – MAR 2024 – L1 – Q2 – Budgeting

Explain the steps in the annual budgeting process, conditions for successful budget implementation, and identify short-term investment options available to Komba Ltd.

You're reporting an error for "IMAC – MAR 2024 – L1 – Q2 – Budgeting"

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