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 agil...

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Main Author: Enkeleda Lulaj
Format: Article
Language:English
Published: Institute of Public Finance 2024-01-01
Series:Public Sector Economics
Subjects:
Online Access:https://hrcak.srce.hr/file/467643
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author Enkeleda Lulaj
author_facet Enkeleda Lulaj
author_sort Enkeleda Lulaj
collection DOAJ
description 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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spelling doaj-art-dbced566c98f4580ab491eee0f76f4a52025-08-20T02:49:56ZengInstitute of Public FinancePublic Sector Economics2459-88602024-01-0148449352810.3326/pse.48.4.5Thriving amidst uncertainty: a financial blueprint for the public budgetEnkeleda Lulaj0Assistant Professor, Faculty of Business, University Haxhi Zeka, Eliot Engel, Peja, KosovoThis 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.https://hrcak.srce.hr/file/467643public budgetfinancial blueprintuncertaintypublic financefinancial reports
spellingShingle Enkeleda Lulaj
Thriving amidst uncertainty: a financial blueprint for the public budget
Public Sector Economics
public budget
financial blueprint
uncertainty
public finance
financial reports
title Thriving amidst uncertainty: a financial blueprint for the public budget
title_full Thriving amidst uncertainty: a financial blueprint for the public budget
title_fullStr Thriving amidst uncertainty: a financial blueprint for the public budget
title_full_unstemmed Thriving amidst uncertainty: a financial blueprint for the public budget
title_short Thriving amidst uncertainty: a financial blueprint for the public budget
title_sort thriving amidst uncertainty a financial blueprint for the public budget
topic public budget
financial blueprint
uncertainty
public finance
financial reports
url https://hrcak.srce.hr/file/467643
work_keys_str_mv AT enkeledalulaj thrivingamidstuncertaintyafinancialblueprintforthepublicbudget