Participatory Budgeting System at the Level of Economic Entities – Utility, Advantages and Disadvantages, Phasing in Implementation
Keywords:
participatory budgeting, budget, employees, budget process, subordinates, degree of employee satisfaction, economic entity.Abstract
The adoption and implementation of a participatory budgeting system can have a significant impact on the budgetary process within entities. The participation of subordinates in the elaboration of budgets influences a multitude of factors which in turn will affect the efficiency of the budget system of the economic entity. Thus, participatory budgeting influences the budgetary process by promoting the exchange of information between subordinates and superiors that leads to obtaining more realistic budgets, through the ability of the participatory system to motivate employees, to improve the degree of satisfaction felt by them, but also the level of dedication of employees towards the entity and its objectives.
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