Budgeting as a Method of Financial Planning and Expenditure Control

Authors

  • Turayev Alijon Samarkand Institute of Economics and Service Senior Lecturer, Department of "Investment and Innovations"
  • Eshonqulov Pahlavon Samarkand Institute of Economics and Service 3rd year student of the Banking Department
  • Toshtemirov Mansurbek Samarkand Institute of Economics and Service 3rd year student of the Banking Department

Keywords:

Budgeting, Financial planning, Cost control, Traditional budgeting, Zero-based budgeting (ZBB), Activity-based budgeting (ABB), Flexible budgeting, Rolling forecast budgeting, Resource allocation, Financial management, International experience, Economy of Uzbekistan, Financial management of organizations

Abstract

This article shows that budgeting is an indispensable tool for organizations and states as a method of financial planning and cost control. The article analyzes in detail various methods of budgeting, including traditional budgeting, zero-based budgeting (ZBB), activity-based budgeting (ABB), flexible budgeting and rolling forecast budgeting. The article also provides information on the relationship between cost control and financial planning, obstacles to budget implementation, as well as international experience and the budgeting system in Uzbekistan. The article emphasizes the need to introduce updated approaches to improve financial management and effective resource allocation.

References

Aliyev, M. S. (2018). Financial Management: Theory and Practice. Tashkent: TDYUI.

Bakhodirov, U. F. (2019). Budgeting System in Organizations and Its Effectiveness. Tashkent: «Yangi Nasha».

Bozorov, I. R. (2020). Cost Management and Financial Planning Methods. Tashkent: Uzbekistan Financial Institute.

Juraev, Sh. A. (2021). New Methods of Financial Planning and Budgeting. Tashkent: «Science and Education».

Khamidov, R. (2017). Budgeting System in Commercial Banks. Tashkent: «Uzbekistan» Publishing House.

Ball, R., & Brown, P. (2018). Financial Reporting and Corporate Governance. McGraw-Hill Education.

Scott, J., & Howard, R. (2015). Budgeting and Financial Management for Nonprofit Organizations. John Wiley & Sons.

Suyarov, R. (2022). New methods of budgeting based on international experience. Tashkent: Ministry of Finance of the Republic of Uzbekistan.

Parker, S. P. (2020). Financial Management for Public, Health, and Not-for-Profit Organizations. Pearson Education.

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Published

2025-02-11

How to Cite

Alijon, T., Pahlavon, E., & Mansurbek, T. (2025). Budgeting as a Method of Financial Planning and Expenditure Control. American Journal of Management Practice, 2(2), 22–24. Retrieved from https://semantjournals.org/index.php/AJMP/article/view/1070

Issue

Vol. 2 No. 2 (2025): American Journal of Management Practice (AJMP)

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.