LEGAL FRAMEWORK OF MODERN BUDGET ACCOUNTING
Keywords:
legal regulations, budget, systemAbstract
The normal performance of all state functions depends on numerous factors: economic, political, social, sociological, etc. However, for the successful organization and management of the state, the most important are finances, i.e. the funds at its disposal and directed to various organizational structures important for the state and society. The financing of various state needs should be planned and controlled in advance, and this is achieved by creating a budget. Accordingly, the budget represents a systematic and rational plan of the total income and expenditure of a state. Budget revenues, which belong to the Republic or local authorities, are allocated and presented according to sources in the budget. Budget expenditures of the Republic or local authorities are determined according to individual purposes in the budget. Revenues are expressed in total realized amounts, and expenditures in total executed amounts. Budget revenues and expenditures must be in balance.Downloads
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Copyright (c) 2026 Александар Милановић (Author)
This work is licensed under a Creative Commons Attribution 4.0 International License.
