Evaluation of Budget Implementation in Ondo State, Nigeria
1Adedeji, Abosede O. & 2Abegunde Morenike J.
1Department of Business Administration, Federal University of Technology, Akure
2Department of Project Management Technology
Federal University of Technology,Akure Ondo State, Nigeria
Email: aoadedeji@yahoo.com, janetabegunde@yahoo.com
Corresponding Author:Adedeji, Abosede O.
ABSTRACT
Annually, each state prepares its budget which is defended before the relevant authorities and approval is put in place while implementation follows. Available statistics suggests that the annual budget has not been able to improve the lives of citizens over the years, occasioned by complaints that budgets have become annual rituals without visible implementation. This study evaluated budget implementation in Ondo State, Nigeria from 2005 to 2014 using secondary data obtained from the State Board of Internal Revenue and Ministry of Finance respectively. Also, it examined the relationship between approved budget and budget implementation. Collated data were analyzed using percentages, mean, standard deviation and Pearson correlation analysis. Six public sectors namely administrative, regional, economic, social services, law and justice and debt repayment were identified and assessed for the study. In aggregate, 68% of the total approved budget was implemented during the ten year period. Furthermore, the results showed that there is a positive and strong significant relationship between approved budget and budget implementation given the correlation coefficient of r= 0.908 (P < 0.05). Specifically, budget implementation of 125% in 2005 was the highest level while 55% in 2013 was the lowest level from 2005 to 2014. Others are 86% (2006), 96% (2007), 95% (2008), 62%, (2009), 71% (2010), 57% (2011), 56% (2012), 55% (2013) and 57% (2014) indicating irregular implementation of approved budget in the state. Likewise the sector that has the highest implementation was Law and Justice being 97% and Administrative sector had the least implementation at 57%. Based on the findings of the study, it was concluded that budget implementation in Ondo State had been going down since 2010. It is recommended that all sectors especially those directly affecting the citizenry need to be focused and implement well.
Keywords: Budget, Evaluation, Implementation, Sector
