MODERN APPROACHES TO BUDGETING AS ELEMENTS OF A RATIONAL RESOURCE MANAGEMENT SYSTEM

The article examines modern approaches to budgeting as an element of a rational resource management system, balancing expenses and income in order to make managerial decisions aimed at achieving goals in the most effective way. Modern approaches to budgeting, the factors that influence its success and effectiveness are analyzed. The principles of budgeting are systematized and characterized. The role of planning and digitalization in the resource management process is defined. The budget process in modern companies is schematically presented. Recommendations are given on what needs to be paid attention to when organizing budgeting, which identifies, in addition to the most important components – resource balance, goal setting, digitalization, and an important place is given to social factors, effective human resource management, public control, and environmental friendliness. Their economic essence and impact on the management and execution of the organization are revealed.