Budgetary Management and Control of Finance and Economic Cooperation Organization in Mettu Woreda of Ilu Ababor Zone: An Assessment

The main purpose of this study was to investigate the gaps in budget management and control in the Finance and Economic Cooperation Office in Mettu Woreda of Illu Ababora zone, Oromia. This investigation is focused on eight purposely selected sectors and Finance & Economic Cooperation Office. From the total population, (Kothari 2004) formula was used to determine sample of respondents. For the purpose of data collection the management team along with workers of Budget and Finance & Economic Cooperation Office of Mettu, the workers of poverty eradicates sectors and standing committee of finance in the woreda were selected. The SPSS was used to analyze the data using descriptive statistics. For this study, five independent variables were identified including proper plan & budget preparation, budget execution, analyzing & feedback budgetary record and competent internal audit staff. The dependent variable effective & efficient budget management & control which was measured under Binary logistic regression. According to the logistic regression output, proper plan & budget preparation, budget execution, competent internal audit staff & budget monitoring and evaluation were contributed for the budget management & control in the Finance & Economic Cooperation significantly and positively. The remaining variables: the analyzing & feedback budgetary record for the budget management & control is negatively related and insignificant. All these five independent variables are contributions for assessment of budget management & control in the Finance & Economic Cooperation Office in the Woreda. Then, the researcher recommended that the office need to be understand the contributions of these four variables collectively significant and their odd ratio were greater than one to infinity indicate the relationship type between those predictors and the outcomes and add values for the budget management & control in the offices.