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What is Budget

Transformation and Efficiency Enhancement of Public Utilities Systems: Multidimensional Aspects and Perspectives
Classical economists define the budget as an act of forecasting the revenues and expenditures of the local government unit.
Published in Chapter:
Public Utility Systems in North Macedonia: State and Perspectives
Samoil Malcheski (International Slavic University, North Macedonia) and Jordan Gjorcev (International Slavic University, North Macedonia)
DOI: 10.4018/978-1-6684-7730-4.ch002
Abstract
This chapter deals with a topic that has been publicly debated in the North Macedonia in the last few years. The public utility companies are constantly in debt and with consistently poor quality of services. Hence, the main focus of the public debate is how to identify the causes of the persistent poor situation and how to overcome these problems facing the public utility systems. The primary aim of this chapter is to give an overview of the state in which public utility systems operate. Also, this chapter gives an overview of the importance of the institutional environment and decentralization and their impact on public utilities systems. At the end of the chapter, the sustainability of public utility companies and the financing of utility services and covering costs are presented.
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A Study on Evolutionary Technique to Predict the Sales During COVID-19
It is a fiscal plan which is used to estimate the revenue and expenditure for a certain period.
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Respecting Federal, State, and Local Approaches to IDEA and Service Delivery Models
A plan of action to record expenses from a special education program.
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The Perception About Financial Education Among Students at the University of Extremadura
The amount of money needed to meet a certain number of expenses necessary to undertake a project.
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A Pragmatic Approach to Technology Integration: A Tech Director's View
A budget is a spending plan for your project. It is important to include all expenses. Do not expect unbudgeted expenses to be paid by the district or other funding source.
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Acquisition of Financial Literacy as a Life Skill: A Study on Financial Literacy Awareness of Students
Budget is the balance of income and expenditure of individuals, institutions and even public institutions.
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Impact of Information and Communication Technology in the Indian Education System During COVID-19
It is a fiscal plan which is used to estimate the revenue and expenditure for a certain period.
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Funding Democracy: College Budgets and the Importance of Investing in Civic Engagement
An estimation of anticipated revenues and expenses over a defined period.
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Economic Measures for Mitigation of the Consequences of COVID-19: Evidence From Serbia
The budget is a document that contains a list of planned revenues and expenditures of the state for one year. The revenue plan shows how much money and from what sources the state plans to collect it, while expenditures show what the state intends to spend the collected money on. The state budget is prepared by the Ministry of Finance in cooperation with other ministries and budget users, according to a precisely determined procedure defined by the Law on the Budget System of the Republic of Serbia.
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