The new regulation on the legal status and financial management of budgetary organisations

Abstract

The regulation and practical operation of the financial management of budgetary organisations – including, in accordance with the classic approach, planning, the modification of appropriations, financing and reporting – have come to a crossroad again. This statement is justified by the mere fact that the theoretical and technical principles that once yielded fundamental changes go back one and a half decades, and in many aspects as many as three decades. The frequent modifications were usually not systemic in nature, and they also meant changes in orientation. Instead of the thorough examination of requirements, the need for and orientation of the new regulations can be more successfully determined if adaptation to the changing boundary conditions and compliance with the modern and long-term requirements are set as objectives.