Financial planning and its impact on the general budget in government organizations (an applied study)
Sundus Majeed Bader Al-Samuria, Noor Amer Fadhil Al-Doori and Hayder Ali Al-Saadi
The general budget is the future financial plan or an estimated statement of the state's expenditures and revenues that it uses to implement its various activities, in addition to directing the economy in order to achieve the goals. As a result of the expansion of the scope of programs and activities of government institutions, attention should be paid to the numbers of the general budget through sound planning in order to be able to keep pace with growth and progress and invest them in the designated areas and achieve the desired development goals. In return, the best services should be obtained and social welfare achieved. This has led the relevant authorities to know the aspects of spending when implementing the budget, in order to achieve transparency and optimal use of resources and hold individuals responsible for any negligence or waste accountable. Therefore, the problem of the research lies in focusing on the factors that have an actual impact on the financial planning process for current expenditures when preparing budgets in government institutions. The research aims to focus on the financial aspects and identify the factors affecting the planning process for current expenditures when preparing the federal general budget of the state in order to achieve the required goals without wasting money in ill-considered ways. One of the most important results of the research is that the research sample depends on the validity of spending on the circulars of the Ministry of Finance / Budget and follows The institution in its activity is a decentralized government system where it is linked to the Ministry of Finance and the Ministry of that institution and has a current account in its name and in the name of each formation it has in a bank. Also, one of the most important recommendations is that the accounts affiliated with the institution must take the original approvals for the changes that may occur after the distribution of the sub-budgets to avoid violations that may occur in the future.
Sundus Majeed Bader Al-Samuria, Noor Amer Fadhil Al-Doori, Hayder Ali Al-Saadi. Financial planning and its impact on the general budget in government organizations (an applied study). Int J Finance Manage Econ 2024;7(2):137-142. DOI: 10.33545/26179210.2024.v7.i2.353