MBA606 Principles of Financial Management

Running Head: Financial Management
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Budgeting Systems or Practices in Public Sector

Financial Management
2
Contents
Introduction:.........................................................................................................3
Research question:..............................................................................................3
Literature review:..................................................................................................3
Data collection and methodology:........................................................................7
Time scale:...........................................................................................................8
References:........................................................................................................10

Financial Management
3
Introduction:
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.
Research question:
Research question defines about the main topic of the research. In this
research paper, the research questions are as follows:
How the budgeting practices and system make impact on the public sector.
What is the applicability of the budgeting practices on the public sector?
What is the requirement of the budgeting practices in the public sector?
Literature review:
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: