BUDGET MANAGEMENT AND CONTROL: SPECIAL EMPHASIS ON ETHIOPIAN ROAD AUTHORITY

Abstract

Budget management and budget implementation involve the process of identification of public needs and the determination of the quality of goods and services to satisfy this need through the political process, by economic analysis with the overall developmental plan objective. This paper assesses the effectiveness of budget management and control in Ethiopian road authority. The researchers investigate the effectiveness of budget management and control and descriptive statistic used to analyze the data from the survey. The methodology employed for data collection is primary source and secondary source. The result revealed that the budget department staffs lack knowledge in order to develop effective budget management and control. The study result also shows that there is a lack of participation of all responsible staffs and other stakeholders in budget preparation and management. In addition to that corruptions in budgets one of the causes of poor performance of budgeting in Ethiopian road authority. The research work therefore, recommend that regular training of the staff of budget, finance and audit departments is necessary to sharpen their skills of implementation of necessary budget procedures. The stakeholders at all level should be adequately participating in the organization budget system. Finally, the budget related corruption should be prevented and controlled to mitigate financial performance weaknesses