An Assesment on the Account of Budgeted Accounts Payable in Govenment Accounting

One of the important element of Public Financial Management Reform in Turkey is the new accounting system that is compatible with international standards in public sector. Together with Public Financial Management and Control Act of 2003, accrual based accounting has adopted to ensure fiscal discipline and accountability in public sector. The account of the Budgeted Accounts Payable (account no. 323) is one of the important accounts of the new accounting system. This account has been used by general budgeted agencies to make recording and monitoring for unpaid expenses due to no budget allowance for expenses concerned to purchase of goods and services. The aim of this article is to examine this account’s working principles and processes that are not sufficiently discussed in the area of Turkish government budgeting and accounting. In the article, we have scrutinized that the data records of this account for the general budgeted agencies in Turkey at the period of 2005-2015 and observed that the account is generally useful for the cash planning. On the other hand, we showed that the liabilities recorded in this account could not be fully paid by the agencies until at the end of the fiscal year, therefore, some liabilities were delayed as inconsistently with annuity principle of the government budgeting and also Public Financial Management and Control Act to following yea