International Journal of Business and Management Review (IJBMR)

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Agricultural Budgeting in Anambra State: its’ implication for Sustainable Economic Development

Abstract

This work was embarked upon with a view to determining agricultural budgeting over the years and its implication for sustainable economic development. Designed essentially as a descriptive survey, it is an ex-post-facto study.  Secondary data used for the study were sourced from the official records and documents of Anambra State Government Nigeria. Data were analyzed using the time series components of trend and moving averages using E-view.  Results indicated the following: there was no correspondence between estimated agricultural revenue and actual expenditure in the budget of Anambra State Government – hence large deficits were recorded. There was a mismatch between planned expenditure with remarkably high values that was observed in the Anambra State budget. The trend in the growth of actual agricultural expenditure over the period was upward sloping, rising slowly and steadily. The trend in the growth of actual revenue of the Anambra State Government budget over the period was upward sloping, rising sharply at first, and following an irregular pattern as it progresses. It was concluded that need outgrow availability of resources in Anambra State. However the fact remains that the problem was more of managerial than it was that of availability of resources. It is therefore recommended that, among other things, agricultural activities must be monitored so as to ensure proper implementation.

Keywords: Anambra State, Economic Development, Sustainable Development, agricultural budgeting

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This work by European American Journals is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 4.0 Unported License

 

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Email ID: editor.ijbmr@ea-journals.org
Impact Factor: 8.72
Print ISSN: 2052-6393
Online ISSN: 2052-6407
DOI: https://doi.org/10.37745/ijbmr.2013

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