Budget Control

(redirected from budgetary control)
Also found in: Dictionary, Financial.

Budget Control


the assignment of capital from state incomes or the incomes of higher-ranking budgets to lower-ranking budgets to balance their incomes and expenditures. In the socialist countries the tasks of budget control include ensuring deficit-free balancing of the incomes and expenditures of lower-ranking budgets at the level necessary for fulfillment of the targets of the national economic plan; allocating to each budget those sources that will permit timely and continuous financing of measures outlined by the plan for development of the national economy and social-cultural service to the population; and giving republic and local agencies a material interest in fulfilling the plans for local and ail-Union state incomes and, by the same token, in fulfilling the national economic plan as a whole.

In the first stages of socialist building in the USSR, the primary forms of budget control were subsidies; then from 1924 to 1931 there were subventions (special-purpose state grants to local budgets which required participation by their capital) and then deductions from state incomes and taxes and supplements to them. With the consolidation of national-economic and budget planning, the basic method of budget control became deductions from state incomes and taxes, turned over to lower-ranking budgets in differentiated percentages of the sum of income or tax receipts from the territory of the given soviet, a method which encourages each local soviet and republic to fulfill the plan of all-Union state incomes and taxes. The deduction percentages are differentiated depending on the need for capital to cover expenditures planned in the budget considering the volume of local (assigned) incomes which the given budget is supposed to receive during the forthcoming year. A distinction is drawn between control of the budgets of the Union republics, intrarepublic (Union and autonomous republic) budget control, intraoblast (krai) budget control, and intraraion and intracity (for cities having division by raions) budget control.

The primary sources of capital for budget control in the USSR are the turnover tax, the personal income tax, and certain others. In exceptional cases, specifically when the budget of the republic or local soviet cannot be balanced even if the entire sum (100 percent) of income received on its territory is turned over to it, a subsidy from the state budget is used. Similar forms of budget control are employed in a majority of the socialist countries.

In the capitalist countries, budget control is conditioned, first of all, by the increasing concentration of sources of income (especially taxes) in the hands of the central power. The increasing dependence of local agencies of power on central ones reflects the growing severity of the contradictions between the center and the local areas. The forms of budget control are subsidies, subventions, deductions, and supplements to state taxes.


References in periodicals archive ?
Building local powerhouses is about devolving some key decision-making powers with budgetary controls over housing, transport, planning and policing.
Members of the Committee on Budgetary Control (CONT), following rapporteur Ines Ayala Sender's (S&D, Spain) lead, decided unanimously, on 26 September, not to okay the Council's accounts for 2010, although they noted that payments were free from material error.
The ambition of Jorgo Chatzimarkakis (ALDE, Germany) to become the chair of the Committee on Budgetary Control (CONT) has suffered another setback.
Chairman of the Committee on Ethics and Rules of Kyrgyz Parliament Sharipa Sadybakasova attended the meeting of the budgetary control committee of CIS IPA in St.
The slowing revenues have prompted a "relentless focus on budgetary control" and major cost-cutting.
Businesses ordering online also benefit from a value-added service, including budgetary control, management information and downloadable online COSHH information and product information.
A spokesman for BVSC said: "As a result of being involved in this activity, they have already developed skills in project management, budgetary control, event organisation and working in a team situation."
Towe, 1991, "The Budgetary Control and Fiscal Impact of Government Contingent Liabilities", International Monetary Fund Sta.
Also, esource2office utilises a proprietary transaction engine called online2office which is designed to provide organisations with the authorisation and sourcing disciplines required for budgetary control and receiving billing and management information.
Despite these findings,Labour MEPs in the Budgetary Control Committee voted in favour of granting discharge to the accounts.