Penelitian ini bertujuan untuk mengetahui pengaruh pertumbuhan ekonomi, pendapatan asli daerah, dana alokasi umum, dana alokasi khusus tehadap belanja modal di Provinsi Kalimantan Utara. Data yang digunakan merupakan data sekunder yang bersumber dari publikasi Badan Pusat Statistik Provinsi Kalimantan Utara. Penelitian ini menggunakan pooled data atau gabungan dari data cross- section dan time series dan metode yang digunakan adalah analisis regresi data panel, dengan pendekatan yang terpilih adalah Fixed Effect Model (FEM). Hasil estimasi menunjukkan bahwa (i) pertumbuhan ekonomi dan pendapatan asli daerah secara parsial tidak berpengaruh terhadap belanja modal di Provinsi Kalimantan Utara; (ii) pendapatan asli daerah dan Dana alokasi umum secara simultan berpengaruh terhadap belanja modal di Provinsi Kalimantan Utara.

Kata kunci: Pertumbuhan Ekonomi, Pendapatan Asli Daerah, Dana Alokaasi Umum, Dana Alokasi Khusus, dan Belanja Modal

This study aimed to determine the effect of economic growth, regional original income, general allocation funds, and special allocation funds on capital expenditure in North Kalimantan province. The secondary data is sourced from publications by the Central Statistics Agency in North Kalimantan Province. This study uses pooled data or a combination of data cross-section and time series and the method used is panel data regression analysis, with a Fixed Effect Model (FEM) approach. The estimation results showed that (1) economic growth has a negative and insignificant effect on capital expenditure in North Kalimantan Province; (2) Regional original income partially has a positive and significant influence on capital expenditure in North Kalimantan Province; (3) General allocation funds partially have a negative and significant effect on capital expenditure in North Kalimantan Province (4) Special allocation funds partially have a negative and insignificant effect on capital expenditure in North Kalimantan Province and, (5) Economic growth, regional original income, general allocation funds, special allocation funds simultaneously have a significant influence on capital expenditure in North Kalimantan Province. Keywords: Economic Growth, Regional Original Income, General Allocation Funds, Special Allocation Funds, and Capital Expenditure