Home  Journals  Finance and Credit  34(418) - 2010 September

Result-based approach in the financial management of the budgetary institutions

Available online: 10 September 2010

Subject Heading: Financial management

JEL Classification: 

The paper discusses the objectives and principles of purpose-based and result-based management in budgetary institutions, the differences between this approach and process management. The concept of cost-chain analysis in the sector of public services is offered. Possible approaches to the standardization and regulation within the result-based management: costs rationing of the standard of public services and the functional costs of the institutions themselves. Stages for the second approach are offered by the example of budgetary institutions - centralized accounts administrations of municipalities.

Keywords: result-based budgeting, result-based approach, process-based approach, financial management, result-based management, purpose-based management, cost-chain analysis, rationing of expenses, expenses standard setting, budgetary institution, optimization of expenses, optimization of the organizational functions

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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