Budget management of educational institutions according to the philosophy of sufficiency economy

Abstract

Budget management of educational institutions according to the Sufficiency Economy Philosophy is a guideline that helps budget allocation and spending to be efficient, transparent, and sustainable. This research aims to study the principles, guidelines, and factors affecting budget management of educational institutions by using the Sufficiency Economy Philosophy as the main conceptual framework. The results of the study show that budget management of educational institutions should be conducted under the principles of moderation, reasonableness, and immunity, emphasizing personnel participation, efficient use of resources, and sustainable resource acquisition. In addition, the use of information technology in budget management helps increase efficiency in management and monitoring. Important recommendations from this study include (1) developing a budget plan that truly meets the needs of educational institutions; (2) promoting educational institutions to have additional sources of income to reduce dependence on government budgets; (3) creating a transparent and fair monitoring and evaluation system to ensure that resources are used appropriately; and (4) promoting cooperation between educational institutions and communities to create budget security. Therefore, budget management of educational institutions according to the Sufficiency Economy Philosophy is a guideline that can help educational institutions achieve their goals in budget management effectively, reduce financial risks, and enhance the sustainability of educational institutions in the long term.