Budget Preparation

Automate the Budget Preparation process - provide your institution automated and centralized solution for this process.

Budget preparation importance

The central function achieved by the Budget at the preparation stage is resource allocation. Not the whole economy resources, but those commanded by the Government. The role of Government is not only determination of budget appropriation, but also setting policies for their determination. Bringing consistency in the picture at the Budget Preparation stage requires planning, where a medium to long-range view of future is taken and all policies envisaged are brought together.

They role is not only determination of budget appropriation, but also setting policies for their determination. To bring consistency in the picture at the Budget Preparation stage requires planning, where a medium to long-range view of future is taken and all policies envisaged are brought together.

International experience shows that the integration of policy, planning and budgeting is an essential factor contributing to good budget outcomes at the macroeconomic, strategic and operational levels. They ensure that expenditure programs are driven by policy priorities and disciplined by budget realities. 

Current challenges

  • Being compatible with international standards and practices
  • Reduce paperwork and streamline the budgeting processes
  • Being capable of producing extensively detailed and accurate budgets based on accurate information – past, current and future projections
  • Definition of budget structure and budgetary periods
  • Supporting program/performance budgeting
    • Matching appropriations and budget execution to projects and performance criteria
    • Variance analysis and future development prognoses
  • Supporting multi-year budget planning
  • Allowing budget scenarios and "what-if" analysis
  • Allowing „Top-Down“ and „Bottom-Up“ budget  preparation
  • Being capable of producing reports required locally and internationally on time and in required format

Solutions for this process:

 

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