Reflecting financial resources using risk management in the budgeting process
Reflecting financial resources using risk management in the budgeting process
Author(s): Bianca Rusu, Ion Iulian Hurloiu, Lăcrămioara Rodica HurloiuSubject(s): Economy, National Economy, Business Economy / Management, Financial Markets
Published by: Universitatea Liberă Internațională din Moldova
Keywords: budgeting process; public institutions revenues; budget execution; budgeting project; forecast;
Summary/Abstract: A low level of revenues shows a warning – either the taxation or the tax evasionare too high. In both cases, an increase in taxation will not lead to a significant increase in theamounts collected to the local budget. The budget must be set up by local authorities in accordanceto their short-term, medium and long term objectives. The fiscal policy should remain relativelyconstant in time and should be in line with the local development policy of the public institution.
Journal: EcoSoEn
- Issue Year: 2/2019
- Issue No: 1-2
- Page Range: 63-72
- Page Count: 10
- Language: English