EVOLUTION OF BUDGETING: FROM TRADITIONAL MODELS TO DIGITAL PLAT-FORMS

Abstract

The article examines the evolution of budgeting approaches from traditional models to flexible and digitally enabled systems. It presents a review of methodological developments, including activity-based and performance-based budgeting, the adoption of rolling forecasts, and the emergence of the Beyond Budgeting concept. The study highlights the impact of digital technologies (ERP/EPM platforms, cloud solutions, data integration, advanced analytics, and artificial intelligence) on the transformation of budgeting processes. Key global trends in digital planning and the changing role of finance functions in the context of digitalization are summarized. The article also analyses the current state of digital budgeting practices in Kazakhstan, identifies major implementation barriers, and outlines opportunities for the adoption of digital platforms in the corporate sector. The findings provide a foundation for further research on the digital transformation of financial management.