Implementation of information technology in budgeting and budgetary control in state corporations in the Ministry of Energy

Abstract

Information Technology as applied to budgeting and budgetary control in State corporations in the Ministry of Energy was implemented during different periods to improve performance and offer quality financial management in the corporations. It is expected the implementation has or not contributed to realization of the set objectives as will be indicated in the findings of this research. The objective of the research is to review the level implementation of IT in budgeting and budgetary control and identify factors that impact on the implementation and recommend appropriate action. The researcher will design appropriate methods for data collection, analysis and presentation in order to meet the objectives of the research. Specific panel data will be compiled and analyzed using, statistical tools, both descriptive and the student t test statistics, which attested to the effectiveness and efficiency in budgeting and budgetary control and overall financial control for most of the performance indicators under consideration. Many companies in the service industry and utilities, where shareholders wealth is given due consideration and efficient financial management is a key indicator, will find this research and others conducted by other researchers useful and will appreciate that IT enabled budgeting and budgetary control is the answer to their success and financial viability.