1.1 Introduction
Local government has historically provided service of importance to its citizens in rural and urban areas in Nigeria. These services include provision of basic amenities like, water, roads, health facilities; education etc. of late, the role of local government in providing these services has attracted public concern. Furthermore, it ha generated national crisis as a result of increasing rate of poverty especially among the rural people some scholar views this development to poor budget implementation.
The impact of budget preparation and implementation cannot be overemphasized in the running of the affairs of industrial enterprises institutions, companies, government organization and a nation as a whole.
Budget can simply be regarded as estimate of how money will be spent over a period of time in relation to the amount of money available. Budgeting implies planning while planning is not a process of guesswork, but the result of research, observation and forecast. In order to prepare a budget, the management is forced to think ahead and examine critically every factors that are likely to affect the achievement of planned objectives. Budget is therefore looking into the future; it provides the yardstick for evaluating subsequent performances budget is a means to an end itself.
To have a clear picture of the topic, we have to allude ourselves to the meaning of budget preparation and implementation. Budget preparation deals with computing of various expenditure and revenue which is as a result of research and forecast while implementing the budget is to put into effect what has been laid down in the budget.
Budget preparation and implementation pilots the affairs of the local government in achieving their constitutional responsibilities.
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