Good Governance, Regional Budget Efficiency and Economic Well-Being

Abstract

Good governance is a way of measuring how public institutions conduct public affairs and manage public resources in a preferred way. One of the instruments is a good management in allocating regional income as an input in economic development. The regional income includes local own-source revenue, balanced funds, and other legitimate income which is used as the capital of the regional government to promote better regional economic development. To reach economic development goals, the government must look at the efficiency of fund allocations. Efficiency is the right key to optimize the available resources so that they can be allocated to certain sectors with improving good results in the societydevelopment, it can be concluded that the efficiency of government spending can be achieved if the results from existing resources can be optimized in its allocation with strategic steps to achieve optimal of economic well-being.