PROGRAM AND PERFORMANCE BASED BUDGETING – WAY TOWARDS CONSOLIDATING LOCAL FINANCIAL AUTONOMY
Actuality of the research resides in the application for the first time in the Republic of Moldova of the program and performance based budgeting (PPBB) at the local level. The aim of the article is to evaluate PPBB and its influence on the responsibility of the local authorities and improving the use of public money. The research methodology is based on the calculations of the correlation reports between different local budget indicators. The results present that the level of financial autonomy depends on the financial possibilities of the administrative-territorial entities. Thus, there is required to supplement the revenues by detecting domestic reserves and their use by the local administration.
JEL Codes: G18, H72.
Article in: English
Published on-line: 2017-12-27
Keyword(s): budget classification, budget expenditures, budget revenues, budgeting, finan-cial autonomy, financial decentralization
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Management Theory and Studies for Rural Business and Infrastructure Development eISSN 2345-0355
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