Municipal Budget

Municipal Budget

Introduction

This reports deals with the importance and analysis of Municipal Budget. In this report, we will discuss various aspects of municipal budget for New Jersey's municipal budget for its various municipal services. However before going into detail of the mentioned earlier, it is important to understand the basic need and essence of municipal services and why government allocate budgets for these activities in regards with their importance in the society.

Analysis of Municipal Budget

The budget is the most important resource to address local issues and other issues of local development. Therefore, the efficiency of formation and expenditure budget is largely dependent capacity of local government and its ability to pursue an independent policy for the implementation of its competence. Irrespective of the economic potential of a particular municipality, budget resources are always insufficient. Therefore, the effectiveness of the budget for all of its components, and the possibility of optimizing the fiscal policy are always relevant to the municipalities and require careful attention of local authorities.

The analysis identifies priorities of fiscal policy at the municipal level in order to inform the public and the impact on the budget process and fiscal policy, embedding action programs and projects, implementation of which the non-profit organizations (NPOs) in the technology budget planning. The method includes the following sections:

Goals and objectives of the budget analysis;

Legal framework of the budget process of the municipality, its execution;

Analysis of the budget and its execution.

The proposed method involves the maximum coverage problems of the budget process: the formation, discussion and implementation of the budget at the regional and municipal level. Not all municipalities can be collected and processed the required amount of information. At the same time, the lack of information on certain issues also provides information about the quality of the budget process and budget.

Goals and objectives of the budget analysis

To analyze the budget process and the budget of the municipality is obtaining and providing information in an accessible from the main key points and the parameters of the budget process, especially budgeting, key trends and structure of the budget, goals and priorities of fiscal policy and the possibility of participation of citizens and organizations in the budget process. The overall analysis includes:

The main socio-economic characteristics of the region and the municipality (GRP or estimates of value added by industry, the production volume by industry, population, employment, unemployment, income);

Type of development in the region and the municipality (growing, stagnating, depression);

Features of the control system in the region and municipality, affecting the budget process (the legislative (representative) and executive branches of government);

The level of fiscal capacity and the relationship of the region and the municipality with the budgets of higher level (donor or recipient);

Development of civil society, including quantitative and qualitative characteristics of NGOs, and the degree of interest and actual participation in the budget process.

In the analysis of the budget process and budget of regional experts, look at the following sets of issues: the legal framework, the current practice of development and adoption of the budget and performance reports, presentation of the ...