The Quality of Income Planning for County Budgets vs. Multi-annual Financial Forecast
AbstractPlanning pertains to any functioning unit of both the public and the private sector. Such planning forces the search for newer and newer forecasting techniques and optimal presentation of data. P ublic finance sector institutions actively use the instruments and tools specific to private sector entities. For that pu rpose, in all lo cal self - government units Multi annual Financial Forecast is developed. Using it, the authorities of local self - government units should design the content of future budgets, anticipate their result, specify the exact level of certain expendi ture categories and consequently the spending limits for projects. The objective of this article is to assess the quality of county budget income planning in the context of MAFF functioning. The author is of the opinion that any realistic estimate of poten tial income determines the possibilities for a more effective implementation of public tasks. The quality of income planning is a starting point for the long - term planning in a given self - government unit. The study has shown that in the period of the MAFF operation, the accuracy of forecasts in the respective rural counties improved.
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Jedlicka Pavel, Maresova Petra, Soukal Ivan (eds.): Hradec Economic Days Vol. 8(1). Double-blind peer-reviewed proceedings part. I of the international scientific conference Hradec Economic Days 2018, 2018, University of Hradec Kralove, ISBN 9788074357008, 592 p.
Hradec_Economic_Days_Vol.8(1)_2018.pdf / 45,68 MB / No licence information
|Keywords in English||quality of planning, public income, local self-government, Multi-annual Financial Forecast|
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|Citation count*||1 (2020-09-15)|
* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.