Factors and Challenges Affecting Budget Utilization of Small Enterprises in Naga City

Marlon B. Siscar

doi:10.36948/ijfmr.2026.v08i03.79663

Factors and Challenges Affecting Budget Utilization of Small Enterprises in Naga City

Author(s)	Marlon B. Siscar
Country	Philippines
Abstract	This study examined the factors and challenges affecting budget utilization to develop an effective action plan for establishing a budget monitoring system for small enterprises (SEs) in Naga City. Small enterprises continue to encounter difficulties in financial management due to procedural inefficiencies, operational limitations, and organizational challenges that affect the efficient utilization of resources. Using a descriptive–correlational research design, the study involved selecting 40 small enterprise owners, managers, and personnel responsible for budget monitoring and financial management. Data were gathered through a validated survey questionnaire comprising sections on the respondent profile, factors affecting budget utilization, and challenges encountered in budget management. The collected data were analyzed using frequency and percentage distribution, weighted mean, Chi-square test, and Spearman’s rank-order correlation coefficient. Findings revealed that procedural, operational, and organizational factors generally contributed to budget utilization, while both intrinsic and extrinsic challenges moderately affected financial management practices. The study further found that operational and organizational factors were significantly associated with the challenges respondents encountered, indicating that organizational systems and operational processes strongly influence budget utilization efficiency. The study concluded that although small enterprises demonstrate existing financial management practices, improvements in monitoring systems, coordination mechanisms, and resource management strategies are still necessary. Based on the findings, a data-driven action plan for establishing a budget monitoring system was developed to enhance transparency, accountability, and efficiency in resource utilization among small enterprises in Naga City.
Keywords	budget utilization, budget monitoring system, small enterprises, financial management, action plan
Field	Business Administration
Published In	Volume 8, Issue 3, May-June 2026
Published On	2026-05-30
DOI	https://doi.org/10.36948/ijfmr.2026.v08i03.79663

View / Download PDF File

E-ISSN 2582-2160

doi

CrossRef DOI is assigned to each research paper published in our journal.

IJFMR DOI prefix is
10.36948/ijfmr

Downloads

Research Paper Format Copyright Permission Form and Undertaking Form Cover Page Vol 8 Isu 3 Cover Page Vol 8 Isu 2 Cover Page Vol 8 Isu 2

All research papers published on this website are licensed under Creative Commons Attribution-ShareAlike 4.0 International License, and all rights belong to their respective authors/researchers.

CC-BY-SA

About IJFMR Fees & Payment Current Issue Publication Archive	Submit Research Paper Track Submission Status Publication Guidelines Publication Ethics Peer Review & Plagiarism	Join as a Reviewer Editors & Reviewers Reviewer Referral Program Get Reviewer Membership Certi.	Website/Journal Policies Usage Policy Content Policies Privacy Policy

Contact Us		+91-9687-828-838	editor@ijfmr.com

International Journal For Multidisciplinary Research

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Factors and Challenges Affecting Budget Utilization of Small Enterprises in Naga City

Share this