The Problems of Financing Government Corporations
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Abstract on The Problems of Financing Government Corporations
Government Corporation or parastatals are partly or completely financed by government. Some of these government funded parastatals operate in some private fashion. Government presence coming only in the form of control, directive and subvention. Example mass transit services of state or local government. This research proper is on the “problems of financing government corporation The information for the study was collected using primary and secondary methods of data collection. For the primary data collection, questionnaires, personal observations and oral interviews were used while existing literature relevant to the topic was consulted for the secondary data. The researcher used T-Test statistical model to analyze the data. At the end of this research work the researcher made the following recommendations; Sufficient finance should be made available to government corporations through commercial banks, this has to be discovered to be the major failures and problems of corporations. Sufficient supply of adequate finance will help the corporations to run and operate their activities efficiently. Furthermore, inadequate funding of corporations has a significant effect on its activities and performance. Government should try and back up these corporations under their control by providing enough fund to them. this will help the corporations to be able to operate very well and then be of help to the nations yearly budget. Lack of fund has really prevented them from backing up the numerous projects they had intended to do and thereby has performed badly generally.
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