Budget, allocation, university, Czech Republic

Legal and economic position of universities was already enshrined in 1998, by Act no. 111/1998 Coll., on universities and on changes and amendments to other Acts (hereinafter referred to as the "University Education Act"). In recent years, the autonomy of universities has been strengthened. In connection with this change, the responsibility for funding has been increased as well as for the proper management of allocated funds. Public universities receive a significant portion of their funding for their activities from public sources, which are limited, and therefore it is important that these resources are used as efficiently as possible. An effective budgeting should be helpful in this process. Public universities might approach budgeting individually with regard to their specific needs.