IMPROVING THE METHODS OF BUDGETING AS MEANS OF RATIONALIZING PUBLIC CONSUMPTION Cover Image

УСАВРШАВАЊЕ МЕТОДА БУЏЕТИРАЊА – ПУТ КА РАЦИОНАЛИЗАЦИЈИ ЈАВНЕ ПОТРОШЊЕ
IMPROVING THE METHODS OF BUDGETING AS MEANS OF RATIONALIZING PUBLIC CONSUMPTION

Author(s): Mileva Anđelković
Subject(s): Law, Constitution, Jurisprudence, Law on Economics, Public Finances
Published by: Правни факултет Универзитета у Нишу
Keywords: budgetary planning; managing public expenditures;budgeting upon efficiency

Summary/Abstract: In this paper, the author analyses one of the most significant trends in the contemporary budgetary systems. In order to overcome the difficulties in financing public consumption, state governments “borrow”some mechanisms employed in the commercial sector. In the contemporary budgetary practice, there is an ever-growing and strengthening conviction that the available budgetary funds must be used as efficiently as possible in order to achieve the intended goals and objectives of the budgetary policy. In fact, efficiency is one of the key requirements set forth in the new approach to managing public expenditures. In this article, the author points to the attempts of the government authorities to incorporate the information on efficiency into the budgetary process. Yet, the concept of budgeting on the basis of efficiency is being put into the public financing practices and implemented rather slowly. As a matter of fact, it has just started being applied in some of the most developed countries.

  • Issue Year: LIII/2009
  • Issue No: 53
  • Page Range: 110-122
  • Page Count: 14
  • Language: Serbian