Palgo Journal Of Business Management Vol. 9(1) PP. 14-27 ,March, 2026. Copyright © 2026 Palgo Journals
Financial Management Skills as Catalysts for Improved Educational Outcomes in Public Secondary Schools: Evidence from Participatory Budgeting, Accountability, and Strategic Resource Alignment.
Author: Mcaku Maliye*1 and Professor T. Ncanywa2
Department of Accounting University of Mkar,Mkar, Nigeria1
Abstract
This article explored the use of financial management skills as drivers of better educational results in public secondary
schools, especially in participatory budgeting, accountability and alignment between strategic planning and finances with
the school. Persistent concern regarding the ineffective utilisation of resources and poor financial management of schools
influenced the research, particularly in the rural and semi-rural settings where issues of limited finances are highly evident.
Brief theme: The study focused on how budgeting, record-keeping, financial decision-making, and capacity-building
practices influenced teaching and learning conditions in public secondary schools.
Main Aim: The main aim of the study was to identify financial management skills that yielded improved educational
outcomes in public secondary schools.
Methodology: The research approach used in the paper was a qualitative approach in the form of multiple case study.
The data were collected using semi-structured interviews on thirteen respondents who were selected in four high-level
schools in the Amathole East District (principals, School Governing Body representatives, teachers, and student
representatives). Thematic analysis was used to showcase recurrent trends and meanings of financial management
practices.
Main findings/Results: The results indicated that good budget preparation and resource distribution, clear record
keeping, unremitting financial education, learner-based decision making, and budget-school improvement plan
congruency considerably promoted accountability, stakeholder confidence, and access to learning materials. The skills of
financial management were seen to work synergistically and turn a small amount of financial input into significant outputs
in educational processes.
Conclusions/Contribution: The research added to the literature by placing financial management skills as strategic
facilitators of educational enhancement instead of administrative compliance devices, especially in under-resource public
school settings.
Recommendations: The recommendations in the study included institutionalised participatory budgeting, sustained
financial capacity-building of the School Governing Bodies, and policy-based convergence between financial planning and
educational objectives.
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Key words: Financial management skills; educational outcomes; participatory budgeting; school governance;
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