EFFECT OF BUDGET IMPLEMENTATION ON THE EFFICIENCY OF PUBLIC SECTOR ORGANIZATIONS IN NIGERIA (A STUDY OF MINISTRY OF AGRICULTURE, ENUGU STATE)
Abstract
ABSTRACT
This study examined the effect of budget implementation on the efficiency of public sector organizations in Nigeria. Specifically, the study determined the effect of Recurrent Government Expenditure Capital Government Expenditure, Total government expenditure on surplus margin of public sector organizations in Nigeria. An ex-post facto research design approach was adopted for the study. The population of this study comprise of thirty-six (36) state ministries of finance in Nigeria. Using time series data for the period of covering ten (10) years from 2014 - 2023 and a purposive sampling method, Enugu State ministry of finance was chosen as the sample size. Secondary data were obtained which includes the annual financial report of the Enugu state from 2014 to 2023 financial year obtained from the state and the state's website. The data collected were presented and analyzed using tables, descriptive and inferential statistics. Three hypotheses were formulated and tested in the course of this study. Regression analysis was used to test for statistical significance of effect of budget implementation on the efficiency of public sector organizations in Nigeria. The results showed that there is statistical negative and insignificant effect of Recurrent Expenditure on surplus margin of public sector organizations in Nigeria. The findings further revealed that there is statistical positive and significant effect of Capital Expenditure on surplus margin of public sector organizations in Nigeria. Finally, the result established also that there is statistical positive but insignificant effect of Total Expenditure on surplus margin of public sector organizations in Nigeria. Consequent upon the findings, this study recommends among others; that the Government ministries should strict adherence to due process in spending on recurrent provisions, capital budget and eliminate and close loopholes impeding effective and efficient capital budget implementation.
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