Year: 2025
Type: article
Abstract: The study examined the public budget process in Ondo State and investigated the nexus between public budgeting and performance budgeting in the study area. It also analysed the challenges facing public budgeting in Ondo State. These were to provide information on the budget process and performance budgeting in Ondo state, Nigeria. The results revealed that without revenue (REV), no organisation, either private or public, can achieve its stated goals and objectives. Also, it confirmed that budget in terms of function, programme and activity (VOA) (r = 0.2316, 0.5181 f> 0.05), measurement of work or output (ROL), cost of funding (COC), as well as monitoring budgeted cost and performance (REQ), among others, are some of the indicators that enhanced budget performance; that there is unidirectional causality running from REV to ROL. Furthermore, the overestimated allocation of funds to a particular area of interest, inflation of contract sums, inadequate resources, inadequate monitoring system and absence of transparency were the biggest challenges confronting public budgeting in the study area. The study concluded that the public budgeting process tremendously influenced the performance budget in Ondo State, Nigeria.
Institution: Obafemi Awolowo University
Language: English
Topic: Economic and Fiscal Studies
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4409292327