scholarly journals The Role of ICTs in Public Finance Management in Pacific SIDs: a Case for Good Governance

2017 ◽  
pp. 141-170
Author(s):  
Rowena Cullen
Keyword(s):  
Public Finance ◽  
Good Governance ◽  
Finance Management

scholarly journals MEKANISME QUR’ANI PENGELOLAAN KEUANGAN PUBLIK

2017 ◽  
Vol 22 (2) ◽  
pp. 345
Author(s):  
Rosidin Rosidin
Keyword(s):  
Public Finance ◽  
Role Model ◽  
Good Governance ◽  
Core Competencies ◽  
Economic Activities ◽  
Social Functions ◽  
The Public ◽  
Finance Management ◽  
Language Analysis ◽  
Alternative Solutions

Abstrak Pengelolaan keuangan publik merupakan amanah yang harus diemban dengan penuh tanggung jawab. Problematika menyangkut pengelolaan keuangan publik harus segera dituntaskan dengan menerapkan aneka alternatif solusi, baik didasarkan pada studi teoretis, empiris maupun normatif. Tulisan ini bermaksud menyingkap kandungan al-Qur’an terkait mekanisme pengelolaan keuangan publik melalui operasionalisasi metode tafsir tarbawi yang melibatkan tiga tahap teknik analisis, yaitu kebahasaan (lughawi), isi (tahlili) dan kependidikan (tarbawi). Signifikansi studi normatif ini adalah memberikan nuansa aksiologis, sehingga pengelolaan keuangan publik didasarkan pada pertimbangan halal-haram, adil-zhalim, baik-buruk, maslahat-mafsadat, dan sistem nilai Islami lainnya. Nuansa aksiologis inilah yang menjadi distinction antara pengelolaan keuangan publik yang Islami dengan yang non-Islami. Mekanisme Qur’ani pengelolaan keuangan publik yang ditawarkan dalam tulisan ini memuat tiga hal pokok. Pertama, pentingnya relasi korelatif yang harmonis antara pihak pengelola (imam) dengan publik (umat) dalam implementasi kebijakan yang baik, dengan didasarkan pada prinsip good governance, melalui program-program dinamis-kontekstual berbasis kerjasama Islami (ta’awun dan musyarakah) yang melibatkan pihak pengelola dengan publik. Kedua, implementasi sikap moderat melalui tiga model aktivitas ekonomi, yaitu pengelola menyeimbangkan aspek sosial-insaniyah dan spiritual-ilahiah dalam pengelolaan keuangan publik; pengelola terlibat aktif dalam realisasi fungsi sosial keuangan bagi publik; serta pengelola menjadi teladan (role model) bagi publik dalam hal gaya hidup hemat. Ketiga, pengelola meneladani empat kompetensi utama Nabi Yusuf AS yang terbukti berhasil menjalankan amanah sebagai pengelola keuangan publik, yaitu kompetensi Makin (berwenang), Amin (terpercaya), Hafizh (hemat) dan ‘Alim (cermat).    Kata Kunci: Pengelolaan, Keuangan, Publik, dan Qur’ani   Abstract Public finance management is a duty that must be carried on with full responsibility. Problematics concerning public finance management must be resolved by applying a variety of alternative solutions, based on theoretical, empirical and normative studies. This paper aims to examine the verses of the Holy Qur'an that related to public finance management. This paper based on Tafsir Tarbawi method that involves language analysis (lughawi), content analysis (tahlili) and Islam education analysis (tarbawi). The significance of this research is to provide an axiological shades, so that the public finance management always consider halal-haram, fair-unfair, good-bad, advantage-disadvantage, and other Islamic value system. This axiological shades is the distinction between Islamic and non-Islamic public finance management. This paper proposes three main points of Qur’anic mechanism of public finance management. First, the importance of harmonious relationship between government (imam) and public (ummah). Therefore, government have to manage public finance based on the principle of good governance, through implementation of Islamic cooperation programs (ta’awun and musyarakah) between government and public. Second, implementation of moderate life style on economic activities through three models: government have to balance social and spiritual aspects in public finance management; government actively attempt to realize social functions of public finance; and government become a role model for public in terms of frugal lifestyle. Third, goverment emulate the four core competencies of Prophet Joseph. He is a role model of successful figure in terms of public finance management, because of his competencies, those are Makin (competent authorities), Amin (trustworthy), Hafiz (protector) and ‘Alim (knowledgeable).   Keywords: Management, Finance, Public, and Quranic

The Audit Committee Anomaly in South African Local Governance

Politeia ◽  
2019 ◽  
Vol 38 (2) ◽  
Author(s):  
Lourens Jacobus Erasmus ◽  
Thabo Matsimela
Keyword(s):  
South African ◽  
Audit Committee ◽  
Best Practice ◽  
Good Governance ◽  
Local Governance ◽  
Audit Committees ◽  
Municipal Finance ◽  
Finance Management ◽  
Theoretical Perspectives

Stakeholders of organisations have to rely on the credibility and effectiveness of governance by management and oversight structures, such as the audit committee, to protect their interests. Drawing on the agency theory, the role of the audit committee is globally accepted to be one of oversight and monitoring. In contrast, the Municipal Finance Management Act requires South African municipal audit committees to be independent advisory functions, invoking the institutional theory in terms of symbolic display. In this article the research objective is to argue the anomaly in the Municipal Finance Management Act regarding audit committees' role, given that this deviates from the globally accepted norm. This conceptual article follows an interpretive approach, which includes a document analysis, firstly to establish the prevalence of the audit committee advisory expectation and, secondly, to argue from theoretical perspectives, whether the audit committee as an advisory function, has validity. The findings suggest that legislators should consider amending the Municipal Finance Management Act to reflect audit committee best practice or change the name of the municipal audit committee to that of an advisory committee to avoid misleading local communities in terms of what may be perceived as good governance practice. This article thus informs policymakers of an apparent governance anomaly in South African legislation.

scholarly journals Diskresi Pengelolaan Bagian Anggaran Bendahara Umum Negara Belanja Lainnya (Ba 999.08) dalam Kerangka Keuangan Negara

2018 ◽  
Vol 3 (2) ◽  
pp. 91-108
Author(s):  
Ari Setyowibowo
Keyword(s):  
Public Finance ◽  
Good Governance ◽  
The State ◽  
State Law ◽  
General State ◽  
Budget Management ◽  
State Budget ◽  
Finance Management

Policy of budget management at the State General Treasurer of Others Expenditure Budget (BA 999.08) is one of the policies that taken by the Minister of Finance of Indonesia as fiscal’s manager to execute one of the State Treasurer function in the management of the state budget as the purpose of provisions in the Package of Act on Finance State along with the operational regulations. Because of the characteristics that are different from the general state budget management, Minister of Finance has given the authority to regulate further discretionarie policy related to budget management of the State General Treasurer of Others Expenditure Budget. The implementation of policy in the management of the General Treasurer of Others Expenditure Budget needs to be done according to the rules of the legislation and adhere to the General Principles of Good Governance (AUPB) also the principles of public finance management in order to meet the state budget management aspects of effective and efficient, transparent, fair, professional, and also accountable in the corridors of state law. ABSTRAK Kebijakan pengelolaan Bagian Anggaran Bendahara Umum Negara Belanja Lainnya (BA 999.08) merupakan salah satu kebijakan yang dilakukan oleh  Menteri Keuangan selaku pengelola fiskal dalam menjalankan salah satu fungsi Bendahara Umum Negara di bidang pengelolaan anggaran negara sebagaimana maksud ketentuan dalam Paket Undang-Undang di Bidang Keuangan Negara beserta aturan hukum pelaksanaannya. Oleh karena karakteristiknya yang berbeda dengan anggaran belanja negara pada umumnya, Menteri Keuangan diberikan kewenangan discretionarie untuk mengatur lebih lanjut kebijakan terkait pengelolaan anggaran BA 999.08 dimaksud. Pelaksanaan kebijakan dalam pengelolaan anggaran BUN Belanja Lainnya tersebut perlu dilakukan sesuai peraturan perundang-undangan serta mematuhi Asas-asas Umum Pemerintahan yang Baik (AUPB) maupun prinsip-prinsip pengelolaan keuangan negara guna memenuhi aspek pengelolaan anggaran negara yang efektif dan efisien, transparan, adil, profesional, serta akuntabel dalam koridor negara hukum.

scholarly journals Budget in the digital economy

2021 ◽  
pp. 48-55
Author(s):  
O. V. Boltinova
Keyword(s):  
Public Finance ◽  
Federal Budget ◽  
Digital Economy ◽  
Finance Management ◽  
Budgetary Policy ◽  
Financial Monitoring ◽  
Effective Use

The article examines budgetary activities and budgetary policy in the digital economy and shows the importance of the principle of transparency, openness of the budget as a factor in the development of digitalization in budgetary activities. Several ways of development of the information sphere of public finance management are analyzed. It is emphasized that the “electronic budget” is aimed at ensuring transparency, openness and accountability of the activities of state bodies and government bodies. The role of the subsystems of the “electronic budget” is shown, in particular the management of expenditures of the electronic budget, where reserve funds are of great importance. The importance of financial monitoring as an instrument of control over the effective use of federal budget funds is noted. 

scholarly journals The Role of EU Funds in Improving Albania’s PFM Reforms (2014-2020)

2017 ◽  
Vol 8 (1) ◽  
pp. 192-195
Author(s):  
Jola Himçi Kepi
Keyword(s):  
Public Finance ◽  
Financial Management ◽  
Management Policy ◽  
Short Term ◽  
Finance Management ◽  
Public Financial Management ◽  
Eu Support ◽  
The Eu

Abstract Strengthening Albanian public financial management is indeed a crucial basis for consolidating public finances and managing these in line with EU standards. Beyond the short term-measures on the existing EU support to PFM such as controls, audits and others, EU is seeking that Albania needs an overall, long-term public financial management policy in line with the EU standards. The purpose of this article is underlining the importance of EU funds in improving Albania in the way to reform its Public Finance Management for 2014-2020.

scholarly journals Bibliometric and Trend Analysis of Budget Transparency

2020 ◽  
Vol 4 (2) ◽  
pp. 116-122 ◽  
Author(s):  
Ihor Fedorovych Molotok
Keyword(s):  
Public Finance ◽  
Bibliometric Analysis ◽  
Good Governance ◽  
Google Trends ◽  
Scientific Interest ◽  
Fiscal Transparency ◽  
Finance Management ◽  
Internet Users ◽  
Trends Analysis ◽  
Transparency And Accountability

Over the last few decades, an integral part of public finance development is budget (fiscal) transparency and accountability. It is also in the focus of scientific interest and international organizations’ activity. Nevertheless, there is still a lack of valuable empirical research on identifying key triggers and inhibitors of budget (fiscal) transparency and its cohesion with other concepts in public finance management. Thus, this research deals with the realization of several tasks: 1) identification of budget (fiscal) transparency genesis and its essence in modern terms; 2) clarification of its cohesion with other concepts in public finance management using modern tools of bibliometric analysis; 3) characteristics of a current state of budget transparency in Ukraine, identification problems and prospects in this sphere. The second task fulfillment is based on Google Ngram Viewer, Google Trends, and VOSviewer bibliometric tools. Implementation of Google Ngram Viewer is aimed at popularity quantification of the concepts “budget transparency”, “fiscal transparency” and “budget accountability” in English Google books for 1960-2012. It defines budget (fiscal) transparency and accountability became the focus of scientific interest starting from 1960th, demonstrating an increase from the 1990th, and peaked in 2005. Google Trends analysis also showed that the peak of Internet users’ interest in budget (fiscal) transparency issues was in 2005-2006. Moreover, Google Trends analysis and frequency of Scopus articles published on the budget (fiscal) transparency issues lead to the conclusion that this concept remains popular among both scientists and regular Internet users worldwide. VOSviewer analysis of 419 Scopus articles reveals that budget (fiscal) transparency closely connected with economic prosperity and sustainability at national and local levels, poverty elimination, environmental responsibility, democratic values implementation, fight against corruption, good governance, and especially the efficiency of public finance management, fiscal policy, and government expenditures. Finally, analysis of budget transparency level in Ukraine based on Open Budget Survey 2019 allows concluding that despite the general improvement of the country score (from 54 to 63 points) in comparison with the previous Survey period, Ukraine still has problems with Mid-Year Review and Pre-Budget Statement. Keywords: Bibliometric Analysis, Budget Accountability, Budget Transparency, Google Ngram, Google Trends, Fiscal Transparency, VOSviewer.

scholarly journals State and municipal finance in conditions of economic transformations

2020 ◽  
pp. 177-183
Author(s):  
Valentyna Makohon ◽  
Iryna Adamenko
Keyword(s):  
Public Finance ◽  
Fiscal Policy ◽  
Local Governments ◽  
Management Systems ◽  
Basic Material ◽  
Economic Regulation ◽  
Municipal Finance ◽  
Finance Management ◽  
Economic Transformations

Relevance of the research topic. In the current conditions of economic transformations, the issues of increasing the validity of the fiscal policy, strengthening the effectiveness of public and municipal finance management systems are relevant. An important task is to restore the budget balance, coordinate the actions of public authorities and local governments in the process of formation and implementation of fiscal policy. Formulation of the problem. Based on the transformation processes in the domestic system of public finance, the important tasks are to substantiate the directions of development of public and municipal finance systems, their components. At the same time, the choice of fiscal policy tools should be made taking into account the cyclical and dynamic economic processes. Analysis of recent research and publications. The issue of formation and implementation of fiscal policy for the development of public and municipal finance systems is quite common in research. These are the works of well-known domestic and foreign scientists: J. Keynes, P. Samuelson, V. Nordhaus, J. Stiglitz, V. Tanzi, T. Bogolib, I. Zapatrina, L. Lysyak, V. Oparin, M. Pasichnyy, V. Fedosov, I. Chugunov, and others. Highlighting unexplored parts of a common problem. These issues are relevant in connection with the intensification of globalization processes, unfavorable external and internal economic environment, which requires several specific tasks related to the fiscal policy development. Goal setting, research goals. The research goals are to reveal the essence and role of state and municipal finances in financial and economic regulation; to determine the priority tasks of fiscal policy in the conditions of economic transformations. The purpose of the study is to reveal the institutional principles and directions of development of public and municipal finance management systems. Research method or methodology. The set of methods of scientific research is applied in the article: a systematic approach, statistical analysis, structuring, analysis, synthesis, etc. Basic material presentation (results of work). The essence and role of state and municipal finances in financial and economic regulation of the administrative-territorial units development and the country are revealed. The priority tasks of fiscal policy in the conditions of economic transformations are defined. The analysis and assessment of budget indicators is carried out. Area of application of results. The results of the study can be used in the process of the formation and implementation of the fiscal policy of Ukraine, reforming the public finance system. Conclusions according to article. Measures for further improvement of state and municipal finance should aim at optimizing the functions of state and local governments and their efficient allocation among them. Strengthening decentralized processes in Ukraine aimed at creating a modern system of local governments, municipal finance development based on European values. Achieving concrete results, identified under the priorities of fiscal policy at the local level, implies clear coordination and increasing the level of responsibility of all participants in the budget process.

Promote Good Governance in Public Financial: The Practice of Local Budget (APBD) Transparency Through Open Data Jakarta in Jakarta Provincial Government

2019 ◽  
Vol 15 (1) ◽  
Author(s):  
Dodi Faedlulloh ◽  
Fetty Wiyani
Keyword(s):  
Public Finance ◽  
Good Governance ◽  
Open Data ◽  
Public Trust ◽  
Provincial Government ◽  
Financial Governance ◽  
One Stop ◽  
Data Portal ◽  
Data Transparency ◽  
Local Budget

This paper aimed to explain public financial governance based on good governance implementation in Jakarta Provincial Government. This paper specifically discussed towards transparancy implementation of local budget (APBD) through open data portal that publishes budget data to public. In general, financial transparency through open data has met Transparency 2.0 standards, namely the existence of encompassing, one-stop, one-click budget accountability and accessibility. But there are indeed some shortcomings that are still a concern in order to continue to maintain commitment to the principle of transparency, namely by updating data through consistent data visualization.Transparency of public finance needs to continue to be developed and improved through various innovations to maintain public trust in the government.Keywords: Public Finance, Open Data, Transparency

Realizing the Devolution Dividend in Kenya through Cohesive Public Finance Management and Public Participation at County Level

10.1596/29624 ◽  
2017 ◽  
Author(s):  
Rose Wanjiru ◽  
Paul Otsola ◽  
Mutakha Kangu ◽  
Murumba Werunga ◽  
Christine Owuor ◽  
...  
Keyword(s):  
Public Finance ◽  
Public Participation ◽  
County Level ◽  
Finance Management
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