Usage of Budgetary and Accounting Data for Financial Planning in Time of Crisis: The Case Study of the Czech Republic’s Ministry of Defence
| Authors | |
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| Year of publication | 2022 |
| Type | Article in Proceedings |
| Conference | International conference KNOWLEDGE-BASED ORGANIZATION |
| Citation | |
| Doi | http://dx.doi.org/10.2478/kbo-2022-0046 |
| Keywords | crisis; defence; defence expenditures; planning and budgeting; budget and accounting data |
| Description | The financial crisis, pandemic, and security crisis are moments that have accompanied Europe and the world in recent years. For each of them, the implications for defence budgets are evident. In the light of the experience of recent years, it is necessary for the government to be prepared and able to predict and appropriately decide which public funds can be temporarily given up in favor of a specific situation, and what effect this decision will have. However, ensuring the reallocation of these funds within public budgets further increases the pressure on their proper management, taking into account economic rationality. Therefore, the paper presents the perspective on the efficiency of planning and budgeting in the selected example of the Ministry of Defence of the Czech Republic (MoD CR) expenditure item in the period of time 2007–2022. The analysis of these data reveals significant shortcomings, despite the real disposal of economic and managerial tools that should purposely prevent them. |