The subordinate�s involvement in the budgetary process may generate amazing benefits for\r\nthe economic entity. International studies suggest that participatory budgeting may\r\nmotivate employees, increase their performance, their satisfaction and may help the entity\r\nto obtain more realistic budgets. These are the primary reasons for which participatory\r\nbudgets still are a present topic. This paper aims to offer an overall analysis of the\r\nparticipatory budgeting process, from the advantages that it generates, to the essential\r\nelements that should be taken into account for designing an effective participatory\r\nbudgeting system in economic entities, by providing a synthesis of studies written on this\r\nsubject. It underlines the benefits, while identifying the necessary conditions for a successful\r\nand effective application of participatory budgeting.
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