BUGETELE - INSTRUMENTE ALE PREVIZIUNII FINANCIARE PE
                        TERMEN SCURT /
      THE BUDGETS – INSTRUMENTS OF SHORT TERM FINANCIAL
                         FORECASTING

Conf. univ. dr. Panfil Banc,
Asist. drd. Banc Marius Mircea
Universitatea ”1 Decembrie 1918” Alba Iulia

The study underlines the different names that the result of financial forecasting take; but the
in practice, we can observe that the expression budget, is overall used , regardless of time
horizons short-term, or long term ones. In this respect, we can underline that the budgeting
process assumes affecting the resources and establishing the responsibilities on each and
every sub-division on conception structure and of functional structure of entity in order to be
able to identify, operative and establish straighten out methods. The research surprises and
defines a critical approach regarding the legislative evolution in Romania in what the
structure of budget of expenses and revenues.

Keywords: budget, forecasting, budgeting process, functional structure

JEL codes: G30, G31