An assessment of capital budget performances: The study of Gombe State, Nigeria 2008-2011

Abstract

The objective of the study is to examine the extent to which Gombe state government harnessed and channelled its financial resources in executing capital projects in the four sectors (Economic, social services, regional development and administrative sector) of the state for the period under review (2008-2011). The paper relied solely on secondary source of data and ratio analysis was employed and served as method of data analysis. The study discovered that Gombe state government between 2008and 2011 was able to spend more than fifty percent (50%) from the approved budgeted capital allocations in the (3) main sectors namely economic, social service and regional development. It is pertinent to say that performance of Gombe state government in terms of economic, social, and regional development between 2008 and 2011 was tremendously high and quite encouraging. This
was reflected in the high standard of living of people, provision of infrastructure and above all promotion of economic and commercial activities in the state. Also, the performance of administrative sector in the state was low. The study concluded that the performance of Gombe state’s budgets between 2008 and 2011 was tremendously high and quite encouraging. The study recommended that the internal social and technological processes of Gombe state political and administrative system should be maintained because the palpable commendation to Gombe state from within and outside the state is an indication that its
internal humans and material processes are good.