THE BUDGETING PROCESS ON PERFORMANCE: EVOLUTION AND ADVANTAGES

Victoria GANEA, Anastasia MIHAILA Universitatea de Stat din Moldova

Abstract

Performance-based budgeting is important through creating a clear relationship between the resources allocated, the goals to achieve and the results to obtain. By means of KPI’s this form of budgeting requires an established level of efficiency in achieving the tasks and getting the results. In particular, the performance-based budgeting allows us to solve these tasks, helping to allocate all the company's resources in order to achieve the goals and obtain the targeted results. Keywords: budget, budget process, performance, planning, financial forecast.