Budgeting as a Method of Financial Planning and Expenditure Control

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.