Budget management of public Universities

Abstract

The objective of the research was to determine the influence of budgetary management in public universities, in order to define factors that allow implementing strategies and reduce the situations of difficulties regarding budget allocation. Regarding the methodology, it was of a quantitative nature because measurable data were processed; additionally, the population consisted of informative units of the public universities of La Guajira to which they applied a questionnaire configured with 39 closed to collect information. We obtained as a result different values of the means and frequencies with which it was possible to determine some aspects as there are communication problems with these institutions and that adequate strategy are not adopted to comply with the objectives. Keyword-Finance, Budget, Public universities. I. INTRODUCTION The knowledge about specific areas of the professional field has become a parameter of relevance for society, because it offers job opportunities that allow improving the quality of life of people. A means to obtain this knowledge is the university, through which opportunities are generated that entrepreneurs can use commercially and take advantage of them to solve the needs [1]. A university is an educational institution responsible for the development and transfer of knowledge, where the teacher assumes the role of teaching subjects from different areas to students, in order to develop necessary skills and train experts in a particular work context [2]. In these institutions, various strategies are applied in order to increase the competitive level and confront market realities or challenges, however, in most cases, factors of relevance, such as the availability of resources are not taken into account [3]. the costs established in the budget [4], or the performance is reduced by limitations to match operating costs [5]. The above implies an inadequate administration of finances. Another of the situations presented is the dilemma that a manager faces when carrying out activities of this type, because he feels attracted to exaggerating the budget in order to obtain personal wealth [6]. An alternative to reduce the possibility of this happening is to analyze the executed budget management, since it is considered a procedure through which the level of transparency is indicated when the budget is circulated [7] and financial decision making is facilitated. the institution, when this happens, adequate budgetary planning is followed, communication between different sectors of the entity is promoted and solid bases are obtained that serve to evaluate performance in the future [8]. For this activity to be carried out successfully, it must be supported by expert personnel who have the ability to understand the reality of different areas of the organization and avoid the lack of relevance in the preparation of the budget [9]. Therefore, the objective of this research is to determine the influence of budgetary management in public universities, in order to establish factors that allow for t...