Expenditure analysis and planning in a changed economy – A case study approach of Gweru City Council, Zimbabwe.
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Date
2014
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University of Fort Hare
Abstract
The purpose of this study is to analyse Gweru City Council`s spending pattern and behaviour and to determine if this spending pattern is directed towards poverty reduction and economic development or not.
Furthermore, to fit a log-differenced regression model to a historical financial dataset obtained from Gweru City Council Finance Department for the time period July 2009 to September 2012. Regression techniques were used to determine how Gweru City Council`s total income (dependent variable) is affected by its expenditure (independent variables). Econometric modeling techniques were employed for the evaluation of estimate tests, conducted to determine the reliability of the estimated model. The study concludes by providing some recommendations for possible financial plans which could be adopted by Gweru City Council and other local authorities in Zimbabwe for the well-being of Zimbabweans and economic development.