Publication details

Budgeting and Public Finance


NEMEC Juraj PLAČEK Michal OCHRANA František PŮČEK Milan Jan VACEKOVÁ Gabriela

Year of publication 2020
Type Chapter of a book
MU Faculty or unit

Faculty of Economics and Administration

Description Budget is the tool through which governments decide how much to spend on what, limiting expenditures to the revenues available, and preventing overspending (Anessi-Pessina et al. 2016). The budget aims to turn plans and aspirations into reality. The budget thus constitutes revenue on the one hand and expenditure on the other. Budget revenues and expenditures can be divided according to more criteria and according to the customs in the given state.

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