STUDY REGARDING THE TRADITIONAL BUDGETING VERSUS SUSTENABLE PERFORMANCE BUDGETING
STUDY REGARDING THE TRADITIONAL BUDGETING VERSUS SUSTENABLE PERFORMANCE BUDGETING

Summary/Abstract: Budgets provide a measure of financial performance that the public institution or a company hopes to gain from its activities. By planning its activities, managers hope to anticipate the potential problems and the way the problems can be avoided. The introduction of performance-based budgeting has determined changes also in budgetary management, which implies a profound change, such as cultural and mentality, in the whole public sector. This major change in many countries had to be supported by systemic approaches in the current work of government, legal, organizational structure of public institutions and human resources. The study presents the main policies and budgeting practices versus traditional budgeting for sustainable performance and discuss new mechanisms for more efficient allocation of budgetary resources and control, required to meet the new imperatives of widening the public sector and for providing strategic and sustainable development.

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