Budgeting Practices And System In Public Sector: Impact And Applicability

Literature Review

Budgeting is a process in which plans are created to spend the money on future expenditure of the public sector. The spending plan is basically called the budget. The creation of such plans makes it easier for the related parties to forecast the future, measure the changes in the future and makes the better strategies and polices accordingly. Basically, it is a plan in which the expenses are planned on the basis of the availed income of the public sector. the views about the public budget and need of the budget has been changed over the tie, Earlier, the budget used to be prepare in order to manage the various political, economical, administrative and accounting  department of the public sector. After that, various other points about the public budget have been discussed. It has been found that the public budgeting is one of the most functional items in the public system.

In the research paper, the study has been done on the budgeting system and the practices of the budgeting system in public sector. The report analyzed the budgeting and budgeting system with special reference to the various companies in the UAE market and their applicability in public sector.

Literature review is the main key of the research paper which defines what is the point of view of other researcher about the particular topic and the question? In order to conduct the literature review study, the below papers have been studied and the below findings and summary has been found:

BA?D?GEN, 2001, has explained into their study that socio economic factors affect the perception of the budgeting system in the public sector. Secondly, it explains that in context with the time horizon, identifying the budgeting system is not easy. In last few years, various changes have come up in the budgeting system and their methods, Lastly, the public sectors are still following the traditional method to make the budgeting reports which could affect the overall result of the budgeting reports, the main limitation of the research paper was that it has not taken the concern on the recent technology and other macro economical factors while making the conclusion.

Further the research paper of Van Dooren, Bouckaert & Halligan, 2015, have been studied and it has been found that the performance is pivotal in the public sector which could be reformed along with the changes in the public sector polices and applicability of the methods.  It explains that the applicability of better budgetary system make it easier in the business to reach over better conclusion.

Along with that, the study of Broadbent & Guthrie, 2008, have also been studied. They have considered the past 20 years changes in the public sector companies because of the budgeting methods and it has been found that the huge changes have occurred into the budgetary system and the application of the budgetary system which have affected the public sector at micro and macro economical level. It is important for the research to evaluate all the factors while reach over a conclusion about the applicability and implication of the budgetary system on public sector companies.

Data Collection and Methodology

Data collection and methodology:

Research methodology:

The main concern of the research paper is to design and examine the budgeting system and their impact and applicability on the public sector along with consideration of programming, planning and budget system. The paper mainly has two sections. One of them is related to develop the general characteristics or budgetary system, especially in the case of PPBS and the other section is related to the PPBS in the public sector.

Data collection:

The data methodology and research methodology is the crucial strategy in order to gather the information related to the research topic and measure them to reach over a conclusion about the research topic. The research methodology strategy must be chosen by the researcher after investigating on the various factors so that an efficiency outcome could be achieved. There are various methods and process available for the better research methodology which includes the research philosophy, research techniques, data collection methodology, sampling etc. The few of the strategies ad method of research methodlog6y have been followed in the paper to reach over a conclusion.

Sampling:

The data collection method has been taken into the context to measure that how the information and the facts and figures would be gathered and measured in the report. The data collection method mainly includes 2 methods which are primary data collection method and secondary data collection method. In the data collection method primarily, the information are gathered by the researcher on the basis of the new data which has been acquired by the researcher through their own investigation whereas, in case of secondary data, it has been observed that the already collected and investigated information are altered by the researcher on the basis of their own topic. In this research, the secondary data has been taken into the concern because of the availability of the data and less time available. Both the methods are basic in order to meet the goals and the objectives of the research.

Further, the sampling study has been done. Sample defines about the total number of population or the other factors which have been ain focuses while conducting the study and on the basis of which a decision has been made in the business. In the research paper, the legislative and government tool has been studied to identify the applicability and impact level of the budgeting on the public sector.

Time scale is crucial measurement in the research design. It takes the concern on the total available time for the study and divide the time on different activities in such a manner that an efficient outcome could be achieved. It evaluates all the activities and the time consumption level in each of the activity to get the better outcome and meet the objectives of the research paper. The below given Gantt chart represent about the total time of each of the activity in the research:

Figure 1: Time Scale chart

The above given time scale chart defines that how much time would it take to the research to be undertaken. It explains that the highest time would be taken by the literature review and the data collection methodology which are the main factors of a research paper. The time availability was lower in the research and thus the quality of the literature can’t be assured.

Conclusion:

To conclude, the budgeting is a crucial practice in public sector and the companies in order to forecast the future and make better decision about the future performance of the public sector. It makes it easier for the public sector and the stockholders to reach over the better conclusion. 

References:

BA?D?GEN M. (2001). BUDGETING SYSTEMS AND THEIR APPLICABILITY IN PUBLIC SECTOR.  Retrieved from: https://www.researchgate.net/publication/228300855_Budgeting_Systems_and_Their_Applicability_in_Public_Sector

Bevir, M. (2011). Governance as theory, practice, and dilemma. The SAGE handbook of governance, 1-16.

Broadbent, J., & Guthrie, J. (2008). Public sector to public services: 20 years of “contextual” accounting research. Accounting, Auditing & Accountability Journal, 21(2), 129-169.

Van Dooren, W., Bouckaert, G., & Halligan, J. (2015). Performance management in the public sector. Routledge.

Verbeeten, F. H. (2008). Performance management practices in public sector organizations: Impact on performance. Accounting, Auditing & Accountability Journal, 21(3), 427-454.

Order an Essay Now & Get These Features For Free:

Turnitin Report

Formatting

Title Page

Citation

Outline

Place an Order