Archive of Journal - Financing

Financing – scientific magazine for economy

ISSUE 2017, No. 1, Article 3, Year of publication: 8, March, 2017
Irregulatiries in presenting the budget execution and budget result in the Republic of Srpska municipalitiees


Jelena Poljašević, PhD; *Bojan Ćurić**

*PhD Assistant  Professor, University of Banja Luka, Faculty of Economics, Department for Accounting and Business
**The Supreme Office for the RS Public Sector Auditing 



In this work irregularities in the presentation of the budget execution and the budget result in the units of local government of the Republic of Srpska are considered through the conducting financial audits by the Audit Office of the Republic of Srpska. Although the definition of surplus, deficit and debt are easily understood, when determining the actual values of these parameters in practice there are significant problems. The part of these problems stems from the concept of financial reporting and general accounting inconsistencies budget but mainly because of the wrong approach to budget planning and unrealistic execution that usually occurs due to the forming and ac-cumulation of obligations over the available budget funds. It is very important to identify and analyze these problems to find possibilities to overcome them in order to gain a better insight into the actual/real budgetary result, because lack of information and knowledge on financial statements can lead to making wrong decisions or wrong public opinion.

Keywords: budget execution, budget result, local governments

DOI: 10.7251/FIN1701017P

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