ASSESSMENT OF BUDGET UTILIZATION AND BUDGET CONTROL PRACTICES: THE CASE OF ETHIOPIAN POSTAL SERVICE ENTERPRISE

Abstract

This study was conducted on assessment of budget utilization and budget control practices in the case of Ethiopian Postal Service Enterprise. The lack of research, especially under the Ethiopian Postal Service Enterprise context, coupled by the sign of improper budget management has been a major motivation to carry out this study. Thus, the general objective of the paper is to assess the budget utilization and budget control practice of the Ethiopian Postal Service Enterprise. The study employed a descriptive survey method and questionnaires were used to gather the data. The Sampling technique used was a nonprobability sampling specifically purposive sampling. Frequency count, percentage, mean and standard deviation were used to analyze the data. All 22 departments heads 30 team leaders and 19 zone managers, 3 planning experts and 3 audit experts with a total of 77 respondents were taken in collecting primary data through close ended and open ended questionnaire. The Statistical Package for Social Science (SPSS) version 20 was used to analyze the data obtained from primary sources. The study finding revealed that there was lack of adequate and experienced budget and audit experts, poor follow up on budget utilization, no accountability in budget utilization and there is weak market oriented cost estimation practice. Therefore, in order to improve budget utilization and control in Ethiopian Postal Service Enterprise, it calls for taking any possible and remedial actions in the subsequent years.