Effect of Cash Budgeting on Financial Performance of Agribusiness Enterprises in Mbale City: An Empirical Study

This study investigates the impact of cash budgeting on the financial performance of agribusiness enterprises in Mbale City. Through a mixed-method research approach involving 152 enterprises, data was collected via questionnaires and interviews. Descriptive statistics revealed that cash budgeting significantly influences various aspects of financial management within these enterprises. Regression analysis showed that cash budgeting accounts for a substantial 10.1% variation in financial performance. This suggests that while other factors play a role, effective cash budgeting contributes significantly to improved financial outcomes. The study further revealed that cash budgeting predicts financial performance by 27.4% in the agribusiness enterprises. The findings support existing literature emphasizing the importance of cash budgeting in controlling spending, facilitating cash flow forecasting, and ensuring adequate funds for operations. The study concludes that implementing robust cash budgeting practices positively impacts the financial performance of agribusiness enterprises in Mbale City.