Original scientific paper

https://doi.org/10.3326/pse.48.4.5

Thriving amidst uncertainty: a financial blueprint for the public budget

Enkeleda Lulaj ; Assistant Professor, Faculty of Business, University Haxhi Zeka, Eliot Engel, Peja, Kosovo *

* Corresponding author.

Abstract

This research explores strategies for thriving amidst uncertainty through a financial blueprint for public budgets, focusing on key factors like budgetary resilience (BR), stability (BS), sustainability (BSu), empowerment (BE), preparedness (BP), governance (BG), inclusion priorities (BIP), and agility (BA). Analysing data from 1,200 respondents and audited financial reports for 2023/24, statistical methods such as exploratory and confirmatory factorial analysis, and Cronbach’s Alpha were used to assess relationships among these factors. Results highlight BR’s role in economic development, while BS and BSu enhance financial stability and reduce debt. BE fosters employment and social stability, emphasizing robust planning. BP ensures accurate management in uncertain conditions, and BG reduces corruption and strengthens accountability. These insights offer valuable guidance for policymakers and financial managers aiming to enhance public budget stability and sustainability.

Keywords

public budget; financial blueprint; uncertainty; public finance; financial reports

Hrčak ID:

323491

URI

https://hrcak.srce.hr/323491

Publication date:

13.12.2024.

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