Evaluation of fund management in Zambia's local government: a case study of Chongwe, Lusaka, and Kafue.
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Date
2024
Authors
Nyirongo, Regina Tisuzgechi
Journal Title
Journal ISSN
Volume Title
Publisher
The University of Zambia
Abstract
This study explores the core of Zambia's local government, focusing on the complexities of fund management. Through literature review and surveys involving local government officials and stakeholders, it uncovers challenges affecting effective fiscal governance.The research reveals hurdles faced by the Zambian local government in fund management, including a lack of transparency, inadequate budget planning, and limited financial management capacity. Despite these challenges, glimpses of progress emerge, showcasing ongoing efforts to improve budgetary processes and financial management practices.The study aims to assess the capacity of the Ministry of Local Government and Rural Development in Zambia, specifically in Lusaka, Kafue, and Chongwe. The evaluation centers on the Auditor General's Main Report for 2021, aiming for a comprehensive understanding of fund management outcomes.This research goes beyond the typical narrative, contributing significantly to the discourse on Zambian local governance. By identifying challenges and highlighting positive developments, it provides a roadmap for enhancing transparency, accountability, and financial management practices.Proposing actionable steps, the study advocates for improved transparency and accountability, increased capacity-building initiatives, and strengthened financial reporting and auditing mechanisms. If implemented, these recommendations have the potential to transform fund management practices in Zambian local government.
In conclusion, the research emphasizes the importance of sustained efforts to improve fund management practices. It asserts that these efforts are not just desirable but essential for the effective functioning and sustainable development of Zambia's local government. The study encourages stakeholders to embrace its findings and recommendations for a positive fiscal transformation.
Description
Thesis of Master of Business Administration Finance