Abstract
This research paper addresses the importance of an effective budget planning strategy in improving the budget process within institutions and organizations. Emphasis is placed on the potential benefits of this strategy through enhanced transparency, improved resource management, enhanced balance between financial and non-financial objectives, and enhanced cooperation and coordination between different sections. A set of recommendations is made for the effective implementation of this strategy, including the development of participatory and consultative processes, improved monitoring and evaluation, enhanced training and development of staff, and effective risk management. This research is aimed at continuously improving the budgetary process and enhancing the financial and operational performance of enterprises.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: International journal of business and management sciences
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.