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BUDGET IMPLEMENTATION IN NIGERIA : A REVIEW OF 2010-2014 BUDGET YEARS OF ENUGU STATE

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 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 53 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   1,994 people found this useful
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ACCOUNTING UNDERGRADUATE PROJECT TOPICS, RESEARCH WORKS AND MATERIALS

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CHAPTER ONE 

INTRODUCTION

1.1     BACKGROUND OF THE STUDY

The president and commander in chief of Nigeria’s Armed forces, Dr. Goodluck Ebere Jonathan on Wednesday 15 December 2010 presented the 2011 appropriation bill to the join sitting of National Assembly. According to the president, the 2011 appropriation is a budget of fiscal consolidation, inclusive economic growth and employment generation. The president went further to say that the budget proposal is underpinned by four pillars that are to foster inclusive growth and job creations; optimize  capital spending by rationalizing recurrent expenditure and maximizing government’s revenues, accelerate the implementation of reforms to enhance the quality and efficiency of public expenditure and reinstate greater prudence in the management of the nation’s financial resources. While giving account of happening in 2010, the president said despite global challenges, Nigeria’s economy has remained resilient as a result of this administration’s efforts to maintain macroeconomic stability and promote socio-economic development.

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