Improving the efficiency of budgetary management and preventing overspending that with an adverse effect on performance are fundamental conditions of budget stability and issues of strategic importance. Rule-based budget means more than merely a stipulation that public finance managements shall...

The crisis of financial intermediary systems uncovered not only the consequences of the shifting of the centre of gravity of world economic development, and with it the structural problems of the European economy, but also highlighted the disequilibria of state budget management – of fiscal...