scholarly journals DIRECTIONS OF THE EVOLUTION OF BUDGET PLANNING IN LOCAL GOVERNMENT UNITS. RELATIONSHIPS BETWEEN STRATEGIC PLANNING AND LONG-TERM FINANCIAL PLANNING

2018 ◽  
pp. 39-46
Author(s):  
Mirosław Czekaj
Keyword(s):  
Local Government ◽  
Strategic Planning ◽  
Financial Planning ◽  
Budget Planning

scholarly journals Strategic planning under the Local Government Act 2002: towards collaboration or compliance?

2006 ◽  
Vol 2 (2) ◽  
Author(s):  
Mike Reid ◽  
Claudia Scott ◽  
Jeff McNeill
Keyword(s):  
Local Government ◽  
Strategic Planning ◽  
Social Economic ◽  
Well Being ◽  
Audit Report ◽  
Local Authorities ◽  
The Social ◽  
The Future

By July 2006 all 85 local authorities expect to have their 10-year Long Term Council Community Plans (LTCCPs) signed and sealed, and passing muster with an unqualified audit report. The new Local Government Act 2002 (LGA 2002) has provided councils with general empowerment and introduced a new purpose (section 3) for local government: to ‘promote the social, economic, cultural and environmental well-being of communities now and for the future’.

scholarly journals Program targeted management of budgetary resources in the mechanism of public development

2019 ◽  
pp. 184-196
Author(s):  
Olga Samoshkina
Keyword(s):  
Economic Development ◽  
Strategic Planning ◽  
Public Relations ◽  
Economic Efficiency ◽  
Medium Term ◽  
Budget Planning ◽  
Socio Economic Development ◽  
Strategic Program ◽  
Long Term Forecasting

Relevance of the research topic. The development of public relations requires an increase in the effectiveness of budgetary resource management in solving the priority tasks of the country's socio-economic development and obtaining the maximum socially beneficial effect from the use of budgetary funds. Issues of strategic program targeted management of budgetary resources in the mechanism of social development, evaluation of the effectiveness of budgetary expenditures, the introduction of medium-term budget planning are becoming of current importance. Formulation of the problem. The issue of ensuring rational formation, optimal distribution and efficient and effective use of budgetary resources to meet the needs of society require a deepening study of the theoretical and methodological foundations of the program targeted management of budget expenditures in the system of state strategic planning, evaluation of the effectiveness and socio-economic efficiency of budget expenditures and budget activities, medium-term budget planning taking into account the criteria for priority and budget effectiveness. Analysis of recent research and publications. The issues of program targeted management of budgetary resources are devoted to the works of foreign and domestic scientists C. Weiss, E. Vedung, A. Premchand, V. Tanzi, L. Vasyutinskaya, I. Zapatrina, N. Kornienko, L. Lysyak, Y. Ostryshchenko, V. Fedosov, I. Chugunov and others. Selection of unexplored parts of the general problem. The study of program targeted management of budgetary resources in the mechanism of social development is actualized due to the need to effectively address the strategic priorities of the country's development in various spheres of public relations, the use of budget expenditures as an effective tool for regulating economic and socio-demographic processes in the country. Setting the task, the purpose of the study. The task of the study is to reveal the features of the effective functioning of the program targeted management of budgetary expenditures in the system of state strategic planning and forecasting to rationalize the distribution and use of budgetary resources in order to achieve priorities of the budget and socio-economic policy of the state. The purpose of the study is to reveal and improve the theoretical and methodological basics of the program targeted method of managing budgetary resources in the mechanism of public development. Method or methodology for conducting research. The article uses a set of scientific methods and approaches, including dialectical, systemic and structural methods, comparative and factor analysis, methods of scientific abstraction, analysis and synthesis. Presentation of the main material (results of work). The essence of the program targeted method of managing budget resources and the peculiarities of its functioning in the mechanism of public development are revealed; improved provisions for long-term forecasting and medium-term program targeted planning of budget expenditures in the system of state strategic planning and forecasting; developed approaches to assessing the effectiveness and socio-economic efficiency of budget expenditures and budget activities. The field of application of results. The results of the study can be used in the process of formation and implementation of state policy in the field of budget expenditures. Conclusions according to the article. Strategic program targeted management of budgetary resources provides for long-term forecasting of budget expenditures within the framework of the country's socio-economic development strategy, budget strategy, sectoral strategic plans, as well as medium-term program targeted planning of budget expenditures within the framework of a long-term budget expenditures forecast, taking into account the criteria for prioritizing public development and budget effectiveness. A systematic assessment of the effectiveness and socio-economic efficiency of budget expenditures allows you to create an integrated closed-loop budget expenditure management system aimed at ensuring dynamic optimization of the allocation and use of budgetary resources based on the criteria of the expected and achieved level of budgetary expenditures effectiveness in order to minimize budget losses and maximize budget results for all stages of the budget process.

scholarly journals Multiannual expenditures in state budget and local government budgets in Poland

2020 ◽  
pp. 56-68
Author(s):  
Sławomir Franek ◽  
Keyword(s):  
Local Government ◽  
Research Method ◽  
Existence Of Solutions ◽  
The State ◽  
State Budget ◽  
Budget Planning ◽  
State And Local Government ◽  
State And Local ◽  
Research Period

Purpose – The purpose of the article is to assess the significance of multiannual expenditures in the state and budgets of local government units in Poland. Research method – In order to achieve the objective, the methods of comparative analysis of budget expenditures extending beyond one financial year of the state and local government units were used. The research period covers the years 2014-2018. The source of data utilised for the analyses are reports relating to the performance of the state budget and information on the performance of the budgets of local government units, as well as databases on multiannual financial forecasts of local government units. The analysis used data on expenditure related to the implementation of multiannual programmes (in the state budget) and expenditure on undertakings shown in multiannual financial forecasts (in the budgets of local government units). The analysis also included the non-expiring expenditures. Therefore, it was possible to indicate the share of expenditures extending beyond one financial year in the budgets executed annually. Results – The research results indicate that despite the existence of solutions for long-term budget planning at the level of the state and local government units in Poland, the scale of implementation of multiannual expenditures in annual budgets remains relatively small. In addition, differences in the implementation of multiannual expenditures between specific categories of local government units were pointed out.

Strategic planning in grassland farming: Principles andapplications

1997 ◽  
pp. 191-197
Author(s):  
W.J. Parker ◽  
N.M. Shadbolt ◽  
D.I. Gray
Keyword(s):  
Strategic Planning ◽  
Performance Indicators ◽  
Cost Effective ◽  
Key Performance Indicators ◽  
Strategic Plans ◽  
Effective Manner ◽  
Farm Business ◽  
Pastoral Farming ◽  
Financial Environment

Three levels of planning can be distinguished in grassland farming: strategic, tactical and operational. The purpose of strategic planning is to achieve a sustainable long-term fit of the farm business with its physical, social and financial environment. In pastoral farming, this essentially means developing plans that maximise and best match pasture growth with animal demand, while generating sufficient income to maintain or enhance farm resources and improvements, and attain personal and financial goals. Strategic plans relate to the whole farm business and are focused on the means to achieve future needs. They should be routinely (at least annually) reviewed and monitored for effectiveness through key performance indicators (e.g., Economic Farm Surplus) that enable progress toward goals to be measured in a timely and cost-effective manner. Failure to link strategy with control is likely to result in unfulfilled plans. Keywords: management, performance

Specifics of strategic financial planning of enterprise activity in the digital economy

2020 ◽  
Vol 26 (3) ◽  
pp. 499-507
Author(s):  
P.A. Levchaev ◽  
B. Khezazna
Keyword(s):  
Strategic Planning ◽  
Financial Planning ◽  
Financial Management ◽  
Digital Economy ◽  
Economic Life ◽  
Corporate Management ◽  
Economic Relations ◽  
Digital Era ◽  
Analysis And Synthesis ◽  
Corporate Management System

Subject. The article investigates the specifics of strategic financial planning of enterprise operations in conditions of digitalization processes, as well as the introduction of advanced technologies in all spheres of social and economic life. It determines unique opportunities for company development in the international market. Objectives. The study aims at reviewing a set of economic relations and problems emerging in the process of strategic financial planning of enterprise performance in the digital economy, and developing recommendations to improve the financial strategic planning of economic entities. Methods. We employ methods of economic analysis and synthesis, and comparison. The paper rests on works by academic economists on the problems of finance, financial management, and planning. Results. We investigated the most important features and problems of strategic financial planning of enterprises in the digital economy, and how the digital era increases the level of competition of participants for economic dominance. Identified features of financial strategic planning of the corporation's activities in the digital economy are recommended for use in the corporate management system of an industrial enterprise. Conclusions. Improving the strategic management process is a stage of transformations in the digital economy. Enterprises create new priorities through using management models. At the same time, the role of fixed assets is reduced, and intangible assets and information accelerate the business. The effectiveness of company operations is often determined by the availability of accurate and timely information that reflects the necessary aspects of financial and economic practice.

Forecasting Revenue Impacts from COVID-19: The Case of Florida Municipalities

2021 ◽  
pp. 0160323X2110120
Author(s):  
Hai (David) Guo ◽  
Can Chen
Keyword(s):  
Local Government ◽  
Short Term ◽  
Fiscal Planning ◽  
Revenue Structure ◽  
Municipal Managers ◽  
The Impact

Early in the pandemic, Florida municipal managers indicated that forecasting the impact on local revenues was one of their top priorities in responding to the pandemic, yet such a tool has not been widely available. This study offers simple and straightforward fiscal planning guides for assessing the short-term and long-term impacts of the COVID 19 recession on local government revenues by estimating the revenue declines among 411 Florida municipalities from FY 2021 to FY 2023. The forecast results predict revenues will be reduced by $5.11 billion from 2019 pre-pandemic levels for Florida cities in fiscal years 2021 through 2023. The decline is forecast to be 3.54 percent in FY 2021, 4.02 percent in FY 2022, and 3.29 percent in FY 2023. The revenue structure matters for estimating the revenue decline.

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