Challenges in financial management of public development project case study of rural sector strategy project in Rwanda
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Date
2009
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Publisher
Kampala International University(KIU)
Abstract
The study was carried out on the challenges in financial management of public development
projects. Using rural sector support programme as the case study. It was carried to assess the
challenges that the projects experienced in maiming its financial resources, the causes to such
challenges, the impacts the challenges are having on the effectiveness of the project and the
variables strategies that were being put in place to solve the challenges that R SSP was facing.
The study used a descriptive research design to bring out explanations on the causes,
challenging and impacts of poor financial management on the performance ofRSSP.
It focused on the government official from the ministry of agriculture, the management of
RSSP project and the agriculturalists who are the beneficiaries of the project. It used a sample
size of 80 respondents who were selected using simple random sampling and purposive
sampling respectively. Data was collected using questionnaires and interviews and was
analysed qualitatively using thematic analyzed.
From the findings of the study it was founds out that RSSP faced a lot of financial
management challenges which included, in financing, failure to meet deadlines and fixed
budgets. These were being caused by dependency on donations, poor planning, poor project
design and government interferences, these had resulted into delays in meeting deadlines,
accumulation of debts , failure to procure goods in time and collapse of some sub-projects. the
challenges were being solved by obtaining loans from the central bank, recruitment of more
to curb down corruption.
There fore, it was concluded that RSSP project faced a lot of challenges in financial
management however, the government was putting in place every effort necessary to solve all
those challenges.
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Keywords
Financial Management, Rural Development, Rwanda, Project Management Strategy