As part of the work on optimizing the budgeting process, the budgeting regulations and the budget formation method are developed.

The budget is regarded as a quantitative monetary plan, prepared and adopted for the period of time, indicating:

• the planned income amount  to be achieved,
• the costs to be incurred in this period, and
• the capital to be attracted for achieving their goals.

The main budgeting objectives for the period are as follows in:

• Planning - a) selecting an optimal development scenario for achieving the goals; b) realistic goal-setting  for the enterprise management and staff; c) predicting the product movement.
• Monitoring the enterprise’s activities in the process of budget implementation and identifying unforeseen problems and opportunities.
• Evaluating the management and employees in achieving their goals (budget figures).
• Coordinating the plans and operations of the enterprise divisions, improving the understanding of managers and their employees, matching the enterprise goals and individual goals of the units (employees).

The enterprise budget is formed for a calendar year adjusted "in the zero-overshoot response." At the same time, the adjusted marketing plan and budget shall be aimed at achieving the goals set by the enterprise for the current calendar year.

The algorithm of forming the enterprise’s budgeting, the order and timing of presenting the budgets by accounting and reporting Centers, the responsible persons are described in the Budget Regulations.