Mesto budžeta u javnim finansijama Srbije
Position of the Budget in Public Finances of Serbia

Summary/Abstract: Public finances are one of the most important segments of state's economy. Their role and importance reflect in immediate increase (or reduction) of economic potentials of certain society, depending on the manner of management over material assets collected by the policy of public finances. Budget, as the most important instrument of public finances, is the best indicator by which one can have a direct insight into the volume of material assets as well as into their efficient and fair distribution among economic subjects, beneficiaries of these assets, through public revenues and public expenses, i.e. their relation. The paper shall present necessary conditions for achieving full economic efficiency of a society, usage of all economic potentials pertaining to the field of public finances. We shall see that, apart the set of economic factors which have to be met, there is a set of political prerequisites which in no way must be observed separately from the economic ones. Every division of political and economic factors at least leads to incorrect results. The focal position in the analysis shall be occupied by the institution of budget, as one of the most transparent indicators of success of economic policy, but also the centre of, so to say, „clash“ of political and economic functions and activity of the state.

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