Budgetary resolution

From CEOpedia | Management online
The printable version is no longer supported and may have rendering errors. Please update your browser bookmarks and please use the default browser print function instead.

The budgetary resolution is a legal act of body representing government entities, created in accordance to requirements of the budgetary procedure, which includes the all basic issues of finance of government in a calendar year.

According to the article: 184 of the Act on public finances, the budget resolution includes two types of legal content: order sizes and structure the general public funds obtained by local government entity during the financial year and the provisions about the budgetary authority.

Provisions

Provisions reserved for budgetary resolutions:

  • the projected income of government entities, according to budget classification rules,
  • provisions on planned expenditures by sections and chapters of the budget classification,
  • current expenditure with emphasis on: wages and salaries, expenses from derivatives, grants to support local government unit debt,
  • property expenditure: capital expenditure, investment purchases and capital spending,
  • provisions about sources for covering the budget deficit, or about the purpose of the planned surplus,
  • income and expenditure related to the implementation of the tasks of state administration assigned,
  • provisions of the separate income and expenditure related to the implementation of agreements or arrangements between local government units,
  • provisions on separate expenses, which are associated with multiannual investment programmes and expenditure programmes and projects implemented with funds from the European Union,
  • in the case of municipalities and provinces, revenues from the fees for the sale of alcoholic beverages, and expenditure on programme of prevention and alcohol problem-solving program,
  • provisions about the extent and the amounts of funds provided by the central budget, grants and investment grants,
  • other provisions,
  • plans of the revenues and expenditure of budgetary unit, plans of the revenues and expenditure of EU funds, as well as plans for own income and expenditure of budget units,
  • provisions about limits for new commitments in relation to incur new debt,
  • the limits for borrowing obligations during the financial year,
  • borrowing authorization for agreements included in the budget resolution, limits for long-term liabilities in investment programs.

Budget resolution is not a normative and widely applicable act. Main user of budgetary resolutions is the executive body of the local and central government entities.

See also:


Budgetary resolutionrecommended articles
Budget expenditure of the local governmentNon-expiring expensesMandatory disclosureInspection feeFiscal AgentDirect taxModified gross leasePreliminary expensesLimited partnership

References