Public Budgeting: An Amoeba of Public Policies

Public budget has been described as the “eye” of the Minister of Finance and the “mirror” through which one can see the level of public administration and the functioning of state services. Public budgeting is the fiscal process through which governments shape the state’s fiscal program, acting as a substitute for the market mechanism, regulating the availability of public resources and avoiding major social problems. The importance attached to public policies is reflected in the prioritization and corresponding allocation of available resources recorded in the budget. As an open system, public budgeting constantly interacts with its environment, influenced by prevailing political, social, economic and health conditions. An attempt is made to understand how public budgeting can prevent or adapt to systemic threats, achieving the long-awaited economic and social resilience by proposing the adoption of a comprehensive framework for the reallocation of public resources in case of shock or crisis.