IMPACT OF FUND ADEQUACY ON BUDGET PERFORMANCE: A CASE STUDY OF KWARA STATE GOVERNMENT OF NIGERIA
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Date
2017
Journal Title
Journal ISSN
Volume Title
Publisher
Osogbo Journal of Management
Abstract
Governments across the globe are expected to bring effective development to their
citizenry through provision of goods and services. However, it is observed that poor
budgetary process coupled with poor fund management have hindered the provision of
these good and services. This study examines the impact of fund adequacy on budget
performance of Kwara State Government. Data from Kwara State Government annual
statement from years 1999-2012 were used. The data were analysed using both
descriptive and inferential statistic. The result shows that both grants and value added
tax have positive relationship with government capital expenditure while statutory
allocation despite constituting the largest chunk of government revenue is negatively
related to capital expenditure. Overall, the study recommends among others that to
ensure proper budget effectiveness, regular monitoring and evaluation of programmes
and projects I critical. Consequently, the study recommends the need to develop an
appropriate mechanism to monitor the budget in order to enhance effectiveness in the
level of budget achievement.