scholarly journals 5.6. QUALITY ASSESSMENT OF FINANCIAL MANAGEMENT IN THE public sector: METHODICAL ASPECTS

2020 ◽  
Author(s):  
Л.И. Ткаченко
Keyword(s):  
Public Finance ◽  
Public Sector ◽  
Quality Assessment ◽  
Financial Management ◽  
Federal Budget ◽  
Operational Efficiency ◽  
The Public ◽  
Public Financial Management ◽  
Methodological Aspects

В статье обоснована актуальность оценки качества управления государственными финансами с целью повышения эффективности их использования. Проанализировано развитие методики оценки качества финансового менеджмента главными администраторами средств федерального бюджета за период с 2008 по 2019 гг. Исследованы методические аспекты определения итоговой оценки качества финансового менеджмента. В частности, проанализирован расчет некоторых показателей операционной эффективности расходов бюджета и дана их интерпретация. Представлен авторский взгляд на расчет и интерпретацию проанализированных показателей. The author in this article substantiates the relevance of assessing the quality of public financial management in order to increase the efficiency of use of public finance. The development of the methodology for assessing the quality of financial management by the chief administrators of the federal budget for the period from 2008 to 2019 is analyzed. Methodological aspects of determining the final assessment of the quality of financial management are investigated. In particular, it analyzes the calculation of some indicators of the operational efficiency of budget expenditures and gives their interpretation. The author's view on the calculation and interpretation of the analyzed indicators is presented.

scholarly journals The Financial Accountability of e-Government: The Information Transparency of Decision-making Processes in Public Organizations

10.26458/1937 ◽  
2019 ◽  
Vol 19 (3) ◽  
pp. 23-32
Author(s):  
Zenovic GHERASIM ◽  
Luminita IONESCU
Keyword(s):  
Public Sector ◽  
Financial Management ◽  
New Technologies ◽  
Information Transparency ◽  
The Public ◽  
Public Financial Management ◽  
Electronic Transactions ◽  
The Social ◽  
Decision Making Processes ◽  
Software Services

Effective e-Government can contribute to the modernization of the public sector administration, and increase the efficiency in the activity of governments and national agencies facilitating the participation of citizens in the social and political life.The use of e-Government improves the electronic transactions between government agencies, companies and citizens, in order to improve the quality of the services and to increase the transparency in the public financial sector. The recent reforms in the public financial management are accelerated by new technologies and are creating the premises for a disciplined, transpired and flexible public sector administration.After a presentation of recent views from literature on some main problems of e-government and software services, the research is focused on the development of e-government and public finance administration. 

FINANCIAL MANAGEMENT IN THE PUBLIC SECTOR

2021 ◽  
Vol 1 (1) ◽  
pp. 71-76
Author(s):  
L. V. GUSAROVA ◽  
Keyword(s):  
Public Sector ◽  
Public Administration ◽  
Russian Federation ◽  
Financial Management ◽  
The Public ◽  
Foreign Experience ◽  
The Russian Federation

The article substantiates the relevance of implementing the principles of financial management in the public sector. Based on the analysis of foreign experience, the mechanisms for monitoring and evaluating the quality of financial management of public administration bodies and chief administrators of budget funds are revealed. The expediency of introducing a risk-based methodology in the management of budget resources of the Russian Federation is revealed.

scholarly journals Public finance management system in modern conditions

2020 ◽  
Vol 17 (4) ◽  
pp. 402-410
Author(s):  
Alla Chornovol ◽  
Julia Tabenska ◽  
Tetiana Tomniuk ◽  
Liudmyla Prostebi
Keyword(s):  
Public Finance ◽  
Public Debt ◽  
Financial Management ◽  
Management System ◽  
Budget Deficit ◽  
Negative Impact ◽  
The Public ◽  
Finance Management ◽  
Public Financial Management ◽  
Financial Management System

The public finance management system is an important lever for equalizing financial and budgetary disproportions in the context of institutional changes. The paper aims to substantiate the directions of development of the public financial management system. Economic and statistical methods and correlation-regression analysis methods are used to determine the relationship between the GDP deflator and the share of revenues, expenditures, the general government budget deficit, and public debt in GDP, assessing the features of the public financial management system in Ukraine and EU countries. This study reveals that one of the main restraining factors in the public finance system development is a significant level of uncertainty in economic processes, which intensifies macroeconomic fluctuations, significant indicators of the share of public debt and budget deficit of the state administration sector pose risks to financial and economic stability; their potential negative impact on socio-economic processes is much more destructive than the pro-cyclical nature of fiscal policy. From this point of view, the public finance management system should be directed at optimizing financial and budgetary tools to prevent the growth of public debt and budget deficit in gross domestic product, which determines the importance of substantiating further development directions of the public financial management system. It is concluded that the mechanism of public financial management in recent years is quite rigid and restrictive, in the context of institutional change expands the tools of public financial management and increases its impact on socio-economic processes.

scholarly journals A Review of Economic Status and Public Sector Financial Management Reforms in Kenya

2015 ◽  
Vol 1 (1) ◽  
pp. 47
Author(s):  
Micah Odhiambo Nyamita ◽  
Elijah Wanamboe Wekesa
Keyword(s):  
Public Sector ◽  
Financial Management ◽  
Good Governance ◽  
Economic Status ◽  
National Policy ◽  
Policy Makers ◽  
The Public ◽  
Public Financial Management

<em>Practical concerns relating to successful public financial management ultimately determines whether or not there is good governance at all public sector institutions</em><em>. Although there is growing literature on national public financial management in general, the researchers feel that less attention has been focused on the financial management reforms in Kenya. This paper, therefore, reviewed literature on public sector financial management reforms in Kenya, starting with the current economic status in Kenya. The exceptionality of this paper was the use of a significant body of literature focusing on 15 articles concerning the public sector financial management reforms and economic status in Kenya. The findings could assist in creating awareness on the main themes of public sector financial management reforms within the Kenyan public sector and help the national policy makers to develop measures of enhancing performance within the sector.</em>

scholarly journals Public Financial Management and Reforms to the State Sector Act

2019 ◽  
Vol 15 (4) ◽  
Author(s):  
Ian Ball
Keyword(s):  
Public Finance ◽  
Financial Management ◽  
Public Management ◽  
The State ◽  
Budget Process ◽  
State Sector ◽  
The Public ◽  
Administrative Action ◽  
Public Financial Management ◽  
Selection Of

This article addresses changes to the Public Finance Act that have been proposed in the Public Finance (Wellbeing) Amendment Bill or are being considered for future legislative or administrative action. It discusses these changes in the context of the State Sector Act. The interrelationship between the two pieces of legislation is described, as are the implications of proposed changes to the Public Finance Act. These changes include requirements for the specification of objectives for wellbeing (outcomes) in the budget process and reporting of wellbeing by the Treasury at least every four years. Changes also include, potentially, greater flexibility in the nature of appropriations and the selection of the services that will be provided within an appropriation, as well as legislative support for the public service to operate in a more ‘joined-up’, innovative and collaborative way. The article identifies as a strength of the proposed changes to the Public Finance Act and the State Sector Act that they maintain consistency between the two acts, but also identifies the risk of replacing one one-size-fits-all system with a different one-size-fits-all system, and considers a ‘two-track’ public management system as an alternative.

scholarly journals Public sector accounting education and training as supportive mechanisms of the ongoing accrual-based accounting reforms

2021 ◽  
Vol 25 ◽  
pp. 1-8
Author(s):  
Hanane Jafi ◽  
Said Youssef
Keyword(s):  
Public Sector ◽  
Financial Management ◽  
Accounting Education ◽  
Educational Institutions ◽  
The Public ◽  
Body Of Knowledge ◽  
Public Financial Management ◽  
Essential Components ◽  
Public Sector Accounting ◽  
And Training

This article explores the major challenges surrounding the ongoing wave of public sector accrual accounting reforms. In particular, this paper sheds light on the importance of training and skill development as essential components of capacity-building and discusses the crucial role educational institutions play in laying the basis of a sound Public Sector Accounting (PSA) body of knowledge. The article also provides recommendations based on studies and reports conducted by international organizations, standards-setting bodies, and accountancy profession institutions as well as capitalizing on the experience of leading countries in the public financial management field

scholarly journals The Institutional Dimension of Public Financial Governance and Public Sector External Debt in Guinea

2019 ◽  
Vol 5 (4) ◽  
pp. p431
Author(s):  
Sidiki KONATE ◽  
Rachid SMOUNI
Keyword(s):  
Public Finance ◽  
Public Sector ◽  
External Debt ◽  
Correlation Method ◽  
The Public ◽  
Institutional Approach ◽  
Financial Governance ◽  
Institutional Dimension ◽  
Debt Policy

Through an institutional approach, this article seeks to address the problem of public finance governance and the external debt of the public sector in Guinea. As a result, based on the main theoretical and conceptual contributions relating to public finance governance and public sector external debt, we have devised a theoretical conceptual model that theoretically reflects the influence of public finance governance on public external debt. We tested this model using the linear correlation method, regression and modeling. The results showed a significant influence of the institutional dimension of the governance of public finances on public external debt in Guinea through the components: quality of macroeconomic management and debt policy.

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