LEGAL FRAMEWORK OF MODERN BUDGET ACCOUNTING
Keywords:
budget, accounting, controlAbstract
The normal performance of all the functions of the state 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 which are directed into various organizational structures essential 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. Therefore, the budget represents a systematic and rational plan of total revenues and expenditures of a state. Budget revenues, which belong to the Republic or local authorities, are distributed and reported by sources in the budget. Budget expenditures of the Republic or local authorities are determined by individual purpose in the budget. Incomes are reported in total realized amounts, and expenditures in total realized amounts. Budget income and expenditure must be in balance.Downloads
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Copyright (c) 2026 Aleksandar Majstorović (Author)
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