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Ministry Of Defense Budget In The Conditions Of Recession

Author

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  • Davor Cutic

    (Ministry of Defense Republic of Croatia)

Abstract

We are witnessing the budget cuts in Year 2009 according to fall of budgetary incomes due to disturbances in the market and crisis spillover from the world reflected in the budget of the Ministry of Defense which based on the Government directions executed four budget revisions. In the planning documents and guidelines for drafting the budget of the Ministry of Defense must content installed risk categories which contains the procedures during the reduction of budget revenues or insufficient inflow of funds for the financing of the Ministry of Defense. Within each program there is a categorization of projects according to priorities, and within the project categorization and priority project steps and activities. In case of insufficient funding of the budget of the Ministry of Defense the management structure is using these tools in the process of making strategic decisions The purpose of the paper is to present how the Ministry of Defense in terms of multiple reducing the state budget shall adjust the Ministry of Defense budget, applying methods of programming, design and risk management.

Suggested Citation

  • Davor Cutic, 2010. "Ministry Of Defense Budget In The Conditions Of Recession," Interdisciplinary Management Research, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 6, pages 591-607.
    • Handle: RePEc:osi:journl:v:6:y:2010:p:591-607
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    More about this item

    Keywords

    budget; recession; budget revision; risk management;
    All these keywords.

    JEL classification:

    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt

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