Značaj upravljanja javnim rashodima u savremenim budžetskim sistemima
The Importance Of Public Expenditure Management In Modern Budget Systems

Summary/Abstract: The national budget is the main instrument through which governments collect resources from the economy, in a sufficient and appropriate manner; and allocate and use those resources responsively, efficiently and effectively. Public expenditure management (PEM) is one instrument of government policy. The basic goals (principles) of public expenditure management are accomplishing macro financial discipline, strategical priorities (productive source allocation) and functional application (technical productivity). These three objectives are complementary and interdependent. Public Expenditure Management approach was put into practice in the early 1980s by World Bank. A set of "baseline" criteria that set out the essential requirements of a well-functioning public management system are: institutional framework, medium-term fiscal framework, budget preparation process, budget execution and monitoring, accounting and reporting, financial control, procurement systems and budget management of EU Funds. Medium-term expenditure system (MTEFs) is estimation for sources affecting political changes and new programs and arranging budget necessities in future with multi-year expenditure planning applications. Medium-term expenditure system is a basis for measuring the effects of political changes on the budget. This expenditure system provides an opportunity for viewing the comparison with financial magnitudes during the application of budget expenditure. The aim of this paper is to point out an importance of public expenditure management and its using in the area of public finance and budget.

• Details
• Contents