Abstract: To run any Government corporation, financial performance is required to enhance the use of budgetary control as a management tool to ensure performance. Nevertheless, returns on investment, net profit margin and return on asset as measure of profitability remains low because of unreliable financial performance within government corporations. Hence, the ignition of conducting a study to examine the effect of budgetary control on financial performance using specific objectives which are to assess the effect of budget variance on financial performance, to examine the impact of cost reduction on financial performance and to analyze the relationship between management support and financial performance.