Original Research Article | OPEN ACCESS
Budgetary Control Mechanism and Financial Accountability in Ondo State Public Sector

Muyiwa Ezekiel ALADE1 Mercy Oluwatoyin Mercy Oluwatoyin OWABUMOYE2 Johnson Kolawole 3Johnson Kolawole OLOWOOKERE3

1,2Department of Accounting, Faculty of Social and Management Sciences, Adekunle Ajasin University, Akungba - Akoko, Ondo State, Nigeria; 3Department of Accounting, Faculty of Management Sciences, Osun State University, Osun State, Nigeria..

For correspondence:-  Muyiwa ALADE   Email: eze.alade@gmail.com

Received: May 5, 2020        Accepted: June 19, 2020        Published: 26 June 2020

Citation: ALADE ME.Mercy Oluwatoyin OWABUMOYE MO.3Johnson Kolawole OLOWOOKERE JK. Budgetary Control Mechanism and Financial Accountability in Ondo State Public Sector. Account Tax Rev 2020; 4(2):134-147 doi:

© 2020 The authors.
This is an Open Access article that uses a funding model which does not charge readers or their institutions for access and distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0) and the Budapest Open Access Initiative (http://www.budapestopenaccessinitiative.org/read), which permit unrestricted use, distribution, and reproduction in any medium, provided the original work is properly credited..


This study examines the effect of budget planning as budgetary control mechanism put in place on financial accountability in the public sector of Ondo State Ministry, Departments and Agencies. The study made use of a structured close-ended questionnaire to obtain the required primary data from the target budget officers. Out of 118 budget officers on the ground in Ondo State Ministries, Departments and Agencies (MDAs) as at the time of this investigation, a purposive sampling technique was used to select 91 of which 85 copies of the questionnaire were returned. Cronbach’s Alpha on a threshold of 0.7 was used to ascertain the reliability of the data collected through the research instrument. Logistic regression analysis was employed to test the hypothesised effect of examined budget planning on financial accountability in the public sector. Findings through the analysis revealed that the correlation coefficient between financial accountability and budget planning is 0.530. The univariate model logistic regression results revealed that budget planning has the ability to improve financial accountability in Ondo state public sector since the coefficient B = 0.495 (Wald = 15.601; p-value = 0.000) is positive and statistically significant at 0.01 level. The odd ratio Exp (B) = 1.640 suggests that the higher the improvement on budget planning, the higher the likelihood of improving/increasing financial accountability in Ondo state public sector. This study concludes that in order to achieve financial accountability in Ondo state MDAs, factor such as budget planning should be accorded utmost priority. The study, therefore, recommends that improved adherence to personnel budget ceiling should be accorded prompt attention to enhance financial accountability in the state.

Keywords: Budget, budget planning, budgetary mechanism, financial accountability, public sector

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