БУЏЕТИРАЊЕ ПРЕМА УЧИНКУ КАО НАЈВИШИ СТАДИЈУМ РАЗВОЈА БУЏЕТСКОГ СИСТЕМА
PERFORMANCE BUDGETING AS THE HIGHEST STAGE OF THE BUDGET SYSTEM DEVELOPMENT

Summary/Abstract: For some time, quite a few countries have been facing a serious crisis of public finances. This crisis fundamentally determines their everyday lives; therefore, it comes as no surprise that the changes within the field of public budgeting are labelled as priorities. In this context, the questions of advancement of the public sector management, the process of making more quality decisions about public spending and the increase in the responsibility of the budget users become particularly important. The introduction and the gradual improvement of performance budgeting is an indisputable manifestation of an effort to reform the area of financing public spending. Performance budgeting, as an advanced model of public budgeting, is a huge step forward in the direction of providing a better usage of budget funds, achieving consolidation of public finances and being more successful in meeting the public needs. As the financing of the public sector entities (organisations, institutions) is closely related to their performance, performance budgeting is also, to some extent, a suitable way to eliminate the shortcomings and modify the traditional “philosophy” underlying the operation of the public sector, to rationalise the system of public expenditures and to manage them more successfully. Performance budgeting is complex by its nature and may not easily be performed in certain segments of the public sector. In many developed countries, it has been implemented for more than half a century. Monitoring and measuring the public sector performances, the increase in the scope and the improvement in the quality of public goods and provided public services are highly ranked goals in these countries, which are highly committed to instituting a more adequate control over the public funds and innovating their budget system in the direction of attaining the highest level of development.

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