The perennial financial forecasting as a tool for predicting performance-based budgeting
The perennial financial forecasting as a tool for predicting performance-based budgeting

Summary/Abstract: Performance-based budgeting with perennial financial planning should complement the institutional reform in the process of the decentralization of the public finance system and increasing the autonomy of local government units, especially in financial terms. Meanwhile, in the context of the currently binding legislation in this area, we can speak at most of a functional reform, and even implemented in stages. The article addresses such issues as the budgetary procedure in local government units, long-term financial forecast, the role of regulatory authorities and executive bodies of local government units and the regional accounting chamber in budget planning.

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