Abstract
None of the territorial authorities would be able to perform the functions of management of economic and social processes in their territories, to make adequate decisions appropriate in concrete situations, without knowing the status of their territorial budget. An analysis of the budgetary process includes several directions of research characteristic of its different phases. At the stage of budgeting it includes an expert study of the budget in terms of justification of its basic parameters. At the stage of implementation, it includes an operational analysis of the current state budget and a systematic study of trends in the income and expenditure budget. The final stage includes an analysis of the effectiveness and efficiency of use of budgetary resources. On this basis, the paper presents a system of indexes which makes it possible to assess the quality of the regional budget process and to identify the causes of breaches of development. It includes: 1. indexes specific to the structure of regional budget revenues and the dynamics of the relations between them; 2. absolute and relative indexes of the regional budget balance, 3. indexes of the income and expenditure proportionality in the budget; 4. a rhythmic analysis of expenditure from budgetary funds within the current budget; and 5. indexes of regional budget liquidity.
Highlights
The analysis of the budget process includes some directions of research characteristic of its different phases
For the definition of a daily norm of money sources for the normal functioning of the budget, it is necessary to take into account the following: - to perform a current calculation, there must be a basic reserve of money sources, - to cover unforeseen expenses, there must be different money sources, - to guarantee normal liquidity of the regional budget, there must be a separate reserve of money sources
We propose using a guaranty index of the regional budget, defined as budgetary expenses per capita, as a criterion in estimating the development of the regional financial base [3]
Summary
To ascertain all possible resources of the budget income, to work out and analyze methods of their mobilization; to analyze the effectiveness and possibility of correction of the fiscal policy conducted by the authority;. It must be designated that in Georgian scientific-theoretical researches the questions concerning the analysis of the regional budget are poorly studied [1] First of all, it is conditioned because of the fact that the current economic reform in Georgia has defined the study of the problems related to the stable functioning of the enterprises and financial-credit institutions in the difficult market environment. The analysis is based upon the thesis that income sources differ by the prime cost level, the degree of accessibility, the degree of trustworthiness, the degree of risk, and the degree of obligation. Those differences appear when using different financial sources
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