Thriving amidst uncertainty: a financial blueprint for the public budget

Authors

DOI:

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

Keywords:

public budget, financial blueprint, uncertainty, public finance, financial reports

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.

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Published

2024-12-13

How to Cite

Lulaj, E. (2024). Thriving amidst uncertainty: a financial blueprint for the public budget. Public Sector Economics - Submission Site, 48(4), 493–528. https://doi.org/10.3326/pse.48.4.5

Issue

Vol. 48 No. 4 (2024)

Section

Articles

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Copyright (c) 2024 Enkeleda Lulaj

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