Prospects of Use of Modern Models of Budgeting in Domestic Banks
The goal of the article is to identify prospects of use of modern models of budgeting in domestic banking institutions. Having analysed, systemised and generalised scientific and practical developments on this issue, the article considers evolution of models of budgeting and their strong and weak points. As a result, it identifies an aggregate of factors that influence selection of a specific model of budgeting. It justifies that a correctly selected model increases efficiency of the budget process in a bank, facilitates construction of its financial structure and is a powerful instrument from the point of view of management and motivation of personnel. The prospect of further studies in this direction is an emphasis on non-traditional models of budgeting and specific features of their use in banking institutions in countries with an unstable market economy.