In this course, students will learn the basic techniques of budgeting in public administrations. It will provide students a thorough understanding of the foundations underlying traditional public budgeting, but also it will highlight the current trends in management of the budget. The course's primary goal is to give students the tools necessary to offer a rigorous public management, focused on the achievement of several goals such as efficacy, efficiency and economy.
The subject 'Budgeting' also contributes to the development of several instrumental and interpersonal competences and skills. In particular, budget characteristics as instrument of planning and control will help students to progress in the following instrumental issues:
- Capability to analyze and synthesize.
- Capability to organize and planning.
- Abilities of management information.
- Problem solving.
On the other hand, taking into account that the budget is interfunctional, since it coordinates and gathers information of several areas of the organization, and it should generate information to several stakeholders (shareholders, managers, creditors, customers, politicians etc) take decisions, the student of 'Budgeting' should develop the following interpersonal issues:
- Group work skills.
- Capability to work in interdisciplinary teams.
- Capability to communication.
- Ethical compromise.