Financial Performance Analysis of the Jambi Province Local Government Using the Value for Money Method (2017-2024 Period)

Zelvi Tiara; Mukhzarudfa Mukhzarudfa; Eko Prasetyo

doi:10.55681/jige.v7i2.5891

Authors

Zelvi Tiara Accounting Study Program, Faculty of Economics and Business, University of Jambi, Jambi, Indonesia
Mukhzarudfa Accounting Study Program, Faculty of Economics and Business, University of Jambi, Jambi, Indonesia
Eko Prasetyo Accounting Study Program, Faculty of Economics and Business, University of Jambi, Jambi, Indonesia

DOI:

https://doi.org/10.55681/jige.v7i2.5891

Keywords:

Financial Performance, Government, Money Approach

Abstract

This study aims to analyze the financial performance of the Jambi Provincial Government using the Value for Money approach, which covers the aspects of economy, efficiency, and effectiveness during the 2017–2024 period. The population of this study consists of all financial reports of the Jambi Provincial Government, while the sample is the Budget Realization Reports for the observed years, selected using a time series technique based on data availability. This research employs a quantitative approach with a descriptive research design. The data used include secondary data obtained from official budget realization reports and primary data collected through interviews conducted at the Jambi Provincial Finance and Asset Agency. Data collection techniques comprise documentation and interviews, and data analysis is carried out using economic, efficiency, and effectiveness ratios within the Value for Money framework. The results show that the financial performance of the Jambi Provincial Government during the study period is categorized as economical, as the expenditure realization ratio is below 100 percent, indicating budget savings. However, in terms of efficiency, the performance is still considered inefficient because the ratio exceeds 100 percent, which means expenditure realization is higher than revenue realization. Meanwhile, in terms of effectiveness, financial performance is classified as effective since revenue realization has met and even exceeded the predetermined targets. In conclusion, the Jambi Provincial Government has managed its budget economically and effectively, but improvements are still required to enhance efficiency in regional financial management.

Downloads

Download data is not yet available.

References

Ardila, I., & Putri, A. A. (2015). Analisis kinerja keuangan dengan pendekatan value for money pada pengadilan Negeri Tebing Tinggi. Jurnal Riset Akuntansi Dan Bisnis, 15(1).

Aulia, E. N., & Nugraheni, A. P. (2022). Analisis value for money dengan pendekatan efektivitas pada kinerja keuangan Kota Semarang pada tahun anggaran 2017-2021. Transekonomika: Akuntansi, Bisnis Dan Keuangan, 2(6), 413–420.

Daruhadi, G., & Sopiati, P. (2024). Pengumpulan data penelitian. J-CEKI: Jurnal Cendekia Ilmiah, 3(5), 5423–5443.

Hartono, I. A., Sam, I., & Zulma, G. W. M. (2023). Analisis Kinerja Keuangan Pemerintah Desa Rantau Karya Kabupaten Tanjung Jabung Timur Periode 2019-2021. Jurnal Ilmiah Universitas Batanghari Jambi, 23(2), 2218–2223.

Mahmudi. (2016). Analisis laporan keuangan pemerintah daerah. Edisi Ketiga, Upp Stim Ykpn, Yogyakarta.

Mardiasmo, M. B. A. (2021). Akuntansi sektor publik-edisi terbaru. Penerbit Andi.

Muhammad, F. (2013). Reinventing local government, Pengalaman dari daerah. Elex Media Komputindo.

Pasaribu, R. D. (2019). ANALISIS KINERJA ANGGARAN PENDAPATAN DAN BELANJA DAERAH PADA PEMERINTAH KOTA MEDAN TAHUN 2014-2017.

Sampow, R., & Pangkey, R. (2022). Analisis Kinerja Keuangan Dengan Menggunakan Metode Value For Money Pada Badan Keuangan Dan Aset Daerah Kota Bitung. Jurnal Akuntansi Manado (JAIM), 3(2), 261–271.

Sawir, M., Aljurida, A. M. A., & Susilawaty, S. (2025). Evaluasi Penerapan Prinsip Good Governance dalam Pengelolaan Anggaran Daerah. Journal of Public Policy, 1(1), 1–16.

Sekaran, U., & Bougie, R. (2016). Research methods for business: A skill building approach. john wiley & sons.

Septariani, J. (2018). Penerapan Konsep Value For Money Pada Pengelolaan Keuangan Daerah Dalam Mewujudkan Good Government Governance (Tata Kelola Pemerintahan Yang Baik) Pada Kabupaten Musi Banyuasin. Balance: Jurnal Akuntansi Dan Bisnis, 2(1), 158–170.

Siagian, A. O., & Indra, N. (2019). Pengetahuan akuntansi pelaku usaha mikro kecil dan menengah (UMKM) terhadap laporan keuangan. Syntax Literate; Jurnal Ilmiah Indonesia, 4(12), 17–35.

Suriadi, H. (2025). Mewujudkan tata kelola pemerintahan yang baik di Indonesia: Kajian teoretis atas prinsip, tantangan dan strategi implementasi. Jurnal Ilmu Sosial, Ekonomi Dan Pendidikan, 1(1), 42–54.

Ulum, I., & Sofyani, H. (2016). Akuntansi sektor publik: sebuah pengantar/Ihyaul Ulum. Universitas Muhammadiyah Malang (UMM) Press.