This paper aimed at finding out the impact of petroleum price on budgetary control in the ministry of interior of UAE. Budgeting and budgetary control entails the establishment of goals by the management of an organization and designing a process which serves as a framework within which an organization effectively articulates overall planned activities. To establish the effectiveness of budgets control and the problems affecting budgeting and budgetary control due to fluctuation of petroleum price. The author’s used literature review as their main source of data using UAE as a case study and also made use of personal observations.
Petroleum prices have been on a roller-coaster ride over the last few years and negatively impact on the global economy. This paper examines the evaluation of budgetary control due to fluctuation of petroleum price. It therefore recommended that since budgeting and budgetary control contributes to management efficiency and high productivity of an organization, all relevant stakeholders must be involved in the budget process, from preparation to implementation, in other to guarantee overall goal attainment. In this paper, gleaned from the relevant literature, an innovative framework is developed and in further studies the factors are tested using this framework for their validity and for establishing their links to budgetary control.
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In-Text Citation: (Kaabi, Karim, & Hossain, 2019)
To Cite this Article: Kaabi, O. M. S. M. Al, Karim, A. M., & Hossain, M. I. (2019). Evaluation of Budgetary Control due to Fluctuation of Petroleum Price on Ministry of Interior, UAE: A Framework of Analysis. International Journal of Academic Research in Business and Social Sciences, 9(5), 698 – 716.
Copyright: © 2019 The Author(s)
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