Thriving amidst uncertainty: a financial blueprint for the public budget

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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Publication Details

Journal
Public Sector Economics
Published
2024-12-12
DOI
https://doi.org/10.3326/pse.48.4.5
Primary Topic
Economic, financial, and policy analysis
Type
article
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article

Thriving amidst uncertainty: a financial blueprint for the public budget

Enkeleda Lulaj
1 links
Public Sector Economics
Economic, financial, and policy analysis
article

Thriving amidst uncertainty: a financial blueprint for the public budget

Enkeleda Lulaj
article en

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.

Public Sector EconomicsVol. 48(4)
University Clinical Center of Kosovo (XK)
Partnerships for the goals
Openalex Percentile: Top 59%
Economic, financial, and policy analysis
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