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Thriving amidst uncertainty: a financial blueprint for the public budget

Author

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  • Enkeleda Lulaj

    (Assistant Professor, Faculty of Business, University Haxhi Zeka, Eliot Engel, Peja, Kosovo)

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.

Suggested Citation

  • Enkeleda Lulaj, 2024. "Thriving amidst uncertainty: a financial blueprint for the public budget," Public Sector Economics, Institute of Public Finance, vol. 48(4), pages 493-528.
    • Handle: RePEc:ipf:psejou:v:48:y:2024:i:4:p:493-528
    DOI: 10.3326/pse.48.4.5
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    References listed on IDEAS

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    More about this item

    Keywords

    public budget; financial blueprint; uncertainty; public finance; financial reports;
    All these keywords.

    JEL classification:

    • E16 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Social Accounting Matrix
    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems

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