Budgeting in a volatile economic environment

In an unstable economic environment, budgeting plays a key role in ensuring the sustainability and efficiency of enterprises. The article discusses the main functions and principles of budgeting, as well as its importance for strategic and operational management. Special attention is paid to the problems arising in the implementation of budgeting system, such as lack of management involvement, lack of formalized procedures and incompatibility of management and financial reporting. Various budgeting methodologies are considered, including top-down, bottom-up and counter planning. The importance of integrating budgeting with management accounting to improve data reliability and optimize resources is emphasized. The article analyzes key financial risks arising in conditions of economic instability and suggests methods of their minimization, such as multi-scenario budgeting, liquidity control and optimization of investment decisions. Special attention is paid to the role of automation of budgeting processes, which allows to increase the efficiency of analysis and decision-making. The principles of financial planning in crisis conditions are considered, including resource reallocation, cost reduction and risk management. The conclusion is made about the need for a flexible approach to budgeting, which will allow enterprises to adapt to changing economic conditions and ensure long-term financial sustainability.