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Public budgeting: good practices budgeting in oil and gas industry


Mohd Yusof, Muhammad Suhaimi and Romle, Abd Rahim and Mohd Kamal, Khirul Azwan and Yusof, Nur Ain and Othman, Sarimah and Azidin, Siti Sarah (2015) Public budgeting: good practices budgeting in oil and gas industry. International Journal of Administration and Governance, 1 (14S). pp. 125-129. ISSN 2077-4486

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Abstract

Background: Oil and gas is destined to be as giant missions since it encompassing multiple business units, many resources, huge numbers of workers and suppliers and it required big budgets that go with them. Public budgeting is a field of public administration while the budgeting is characterized by its approaches, functions, formation and type. According to the [5], the function of the budget is “...budgets are used to filter and analyze information throughout the organization, not necessarily to create more information for dissemination…” while on the strategic level, “…budgeting clarifies its competitive priorities, advantages and strategies for the future, employing cost forecasts and demand limits to quantitatively measure the feasibility of capital expansion projects..”, [16]. Public budgeting is a field of public administration while the budgeting is characterized by its approaches, functions, formation and type.

Item Type: Article
Uncontrolled Keywords: Public, budgeting, oil, gas, economic
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: School of Government
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 05 Jul 2017 02:36
Last Modified: 05 Jul 2017 02:36
URI: http://repo.uum.edu.my/id/eprint/22500

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