Naslov
Managing cash and liquidity of the budget: A case of regional and local budget

Autori
Kontuš, Eleonora

Izvornik
International journal of management cases (1741-6264) 15 (2013), 4; 340-353

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
liquidity, budget, financial ratios, cash budget

Sažetak
The main objectives of cash and liquidity management are control of government spending and effective implementation of the budget. As there is an ongoing drop in budget revenue in the Republic of Croatia coupled with increasing problems of nonliquidity and servicing obligations, sound management of financial assets and liquidity is required. Firstly, the purpose of this study is to explore assets and liabilities of local and regional public sector in order to develop appropriate financial ratios for measuring liquidity of the budget, thus helping to manage liquidity effectively. Secondly, to analyze possibilities for implementation of a cash budget as a useful technique in managing liquidity of the local and regional budget on the daily, weekly and monthly basis. Thirdly, the aim of this study is to explore inflows and outflows of the local and regional budget in order to develop a simple model for calculating surplus or lack of cash available during any observed budget period, which can help optimally in managing cash and liquidity of the budget.

Izvorni jezik
Engleski

POVEZANOST RADA