Sustainable Budgeting and Budgetary Control in Public Enterprises in Nigeria

Abstract

The study explored the concept of budget in public enterprises; identify the factors that contribute to the success and failure of the budgetary process in public enterprises; and the incorporation of new business innovations to attain the drive for business practices that is sustainable in government enterprises. The study is a conceptual review of literatures to discuss issues bothering on budget and budgetary control in Nigerian public enterprises. The study concluded that the need for improvement to the traditional approach of the budget process is important and timely considering the lingering deficiencies of the process and it was recommended that the beyond budget approach is incorporated in the Nigerian public enterprise to address weaknesses in the traditional methods and promote quality service delivery in the public sector.