The Role of Budget Estimates in Evaluating the Financial and Administrative Performance of Libyan Organizations: A Field Study on a Sample of Libyan Organizations in the City of Al Kufra

Abstract

This study aimed to identify the role of estimated budgets in evaluating the financial and administrative performance of Libyan organizations, specifically a sample of organizations in the city of Al-Kufra. To achieve the study's objectives, a descriptive-analytical approach was used. The sample was drawn from the entire study population, and data was collected using a questionnaire and personal interviews distributed to 19 participants. The data was analysed using the Statistical Package for the Social Sciences (SPSS). The study yielded several key findings, including: The following results were obtained: The absence of a department specializing in preparing estimated budgets in industrial, service, and governmental organizations, and the reliance on historical data when preparing estimated budgets in both industrial and service organizations. The study, which examined government organizations, noted that participants in the survey who had contributed to the preparation of estimated budgets were involved less than three times, impacting the accuracy and clarity of these budgets. The study offered several recommendations, including: that government organizations prepare estimated budgets systematically and regularly to maximize their effectiveness; the necessity of expanding computer use, particularly in industrial and governmental organizations, to save time and effort; and the importance of focusing on the professional development of staff involved in preparing estimated budgets, especially within government entities.