THE ROLE OF BUDGET IN BANKING MANAGEMENT . A RESEARCH PROJECT MATERIAL ON BANKING AND FINANCE
This research work is on attempt to analyze the ROLE OF BUDGET IN BANKING MANAGEMENT. In conducting this research I went to united bank for Africa Enugu branch and some libraries to get some relevant materials for this research work consists of study based on selection of different secondary data. It also emphasis on ND 1 just the role of budget in banking management but also the way of implementing budgeting and process.
Based on the research work, the following findings were made. The implementation of the budgeting in the banking management, budget preparation and process, different views on budget.
1.1 BACKGROUND OF THE STUDY
The budget is a financial statement made by the government, which spells out estimated government revenue and proposed expenditure for the coming financial year.
A budget consist of a package of proposal regarding revenue, which is likely to be derived from various sources and expenditures, which is likely to be met on various items, for examples: the estimate of United Bank for Africa (UBA) revenue for the 1986 fiscal year was put at 4.3 million, while proposed expenditure was put at 3.31 million of most often. The budget includes an appraised of the performance of the economy during the previous financial year. Major financial and banking system charges are also include for examples, the 1983 re-vitalizing the banks subsidy, the introduction measures for promoting banking system and establishment of a directorate of the banks and infrastructure for the 1992 budget, major policies spell out include among other things, the reductions of persons income and banking profits, the establishment of a banking information services, the establishment of a directorate of employment.
In United Bank for Africa (U.B.A), the director prepares the budget with the help of the financial secretary of budget and planning for a budget to be effective, it has to be approved by the director general.
1.2 STATEMENT OF THE PROBLEM
This study is the role of budget in the banking management has effected the Nigerian financial institution with reference to bank. In spite of the position of out financial lost institution to our financial guest the management has not been exempted from a lot of problems. The researcher will identify these problems that confront the banks and financial institutions in Nigeria.