engleski

BUDGET AND NON-FINANCIAL ASSETS

Budget is the basic instrument used to fund public needs. The subject-matter of the research presented in this paper are expenditures for acquisition of non-financial assets within budget expenditures and expenses at the level of all units of local and regional self-government in the Republic of Croatia. Budget is adopted at the beginning of the year. Within it, effecting of expenditures is planned based on the available budget revenue. Expenditures for different types of assets (buildings, equipment, etc.) are presented within expenditures effected. Investment in certain types of assets is necessary in order to meet the prerequisites for better living conditions in a particular area. The size of such investment is under constant review. The aim of this paper is to research the effecting and share of expenditures for acquisition of non-financial assets withi Auditing, Local and regional self-government, Budget, Expenditures, Non-financial assets n expenditures and expenses of the units of local and regional self-government and to make conclusions on their significance. Audit procedures that are conducted with the aim of a more cost-effective use of the available funds are discussed. The data of the Ministry of Finance, which is available at its webpages relating to budget execution at individual levels of government, as well as data collected from scientific literature were used in this paper. The paper confirms the hypothesis that the share of expenditures for acquisition of non-financial assets within total expenditures effected in particular units is significantly smaller than the share of operating expenditures. The above is analysed at individual levels of government and in particular at the county level. It is concluded that in total, at the level of all counties and the City of Zagreb, the share of expenditures for acquisition of non-financial assets has decreased ; however, at the municipality level, the share of such expenditures has increased. In the absolute amount, expenditures for acquisition of non- financial assets are highest at the town level. At the level of individual counties, the shares of expenditures for acquisition of non- financial assets within the total expenditures and expenses effected are different, depending on budgetary constraints.

Auditing, Local and regional self-government, Budget, Expenditures, Non-financial assets

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