STRATEGIC DECISIONS IN BUDGET POLICY: ЕCONOMIC EFFICIENCY AND ECONOMIC FEASIBILITY

Abstract

The well-being of people directly depends on both the economy of the state and the personal economy, the correctness of budget management. Therefore, it is quite understandable that all groups and categories of society are interested in economic processes. Interest, which, in today’s changeable world, must be considered a request, does not decrease and requires clarification of categories that evaluate the economy and bring it to the right strategic decisions in budget policy. The economic categories of performance evaluation include economic efficiency and economic feasibility, the essence and difference of which, using specific examples, is evidently presented in this article.

Keywords

• strategic decisions
• economic categories
• budget policy
• economic feasibility
• economic efficiency
• regional budget
• expected effect