75 Capital budget was the amount of money needed to spend on capital item
or fixed assets such as Land, building that are projected to income in the future. Mebrate (2002). Table 4.4.2.1: Capital Budget allocated and utilized by DZFEDD from EC Year Budget allocated Budget utilized Budget un utilized Utilization efficiency (%)
2004 7,215,469 6,349,612 865,857 88 2005 10,992,000 9,892,800 1,099,200 90 2006 8,000,0000 7,440,000 560,000 93 2007 16,000,000 11,680,000 4,320,000 73 2008 32,000,000 29,760,000 2,240,000 93 Total 65,122,412.00 9,085,057.00 87.75
Sources: Annual budget report from Dawuro Zone Finance Economic Development Department from (2004-2008) 76
Sources Researcher’s own work based on secondary data Figure 5: Trends of capital Budget allocated to the Dawuro zone Even though the Dawuro Zone capital budget shows an increasing trends from EFY 2004-
2008. It can be observed from the above table there was an increasing trend almost all budget year except 2006 where decreased. The average rate of Dawuro zone capital budget allocated over five year with an average rate of million. The main reason for the increasing of all five budget year was due to the fact that constrictions of building offices are the causes to increase the budget from year to year base.
4.4.2.2: Capital Budget utilization Efficiency of Dawuro zone Finance and economic development department from (EC) 0 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000 70,000,000 80,000,000 2004 2005 2006 2007 2008
total
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