SOME ASPECTS REGARDING THE CONCEPT OF BUDGETING AND PERFORMANCE WITHIN THE FINANCIAL MANAGEMENT SYSTEM

Anastasia MIHAILA Universitatea de Stat din Moldova

Аннотация

In the present paper intend out to make a theoretical analysis of the various concepts regarding the notions of budget and performance – both nationally and internationally. During the last years, the Republic of Moldova has undergone some transformations at social, political, and economic level, because of globalization and global instability, as well as tightening competition in the business environment. Consequently, the use of the notions of budget and performance have emerged as a necessity of multinational economic entities. Hence the purpose and objectives of the publication. Thus, we set out to establish the conceptual boundaries of the notions of budget and performance and their role in the management system. Keywords: budgeting, performance, financial management.