Development of the budgeting system in organizations of the agricultural sector of the economy

Abstract

In modern conditions of development of economic entities of the agricultural sector of the economy, one of its defining vectors is the process of improving rationing and budgeting as a basis for rational, economical and efficient use of resources with their limitations. In this article, the author considers methodological approaches to budget formation as a tool for designing the financial condition of an economic entity, the main purpose of which is to provide financial resources and cash for the entrepreneurial activity of an economic entity of the agricultural sector of the economy, its solvency, financial independence and sustainability. The author proves that the growth of financial indicators of pilot organizations was significantly influenced by two factors acting in different directions, but with different growth rates: this is a faster growth rate of revenue compared to the growth rate of the cost of sales. This development trend leads to a reduction in the cost and prices of finished products available to a wide range of the population of the regions and the country as a whole. In addition, the results of calculating the budget values of the sales budget in various ways are presented and the choice of the most optimal is justified.