scholarly journals Fiscal Discipline and the Successful Completion of Municipal Projects: The Case of City of Tshwane

2019 ◽  
Vol 5 (1) ◽  
pp. 1
Author(s):  
Taola Simon Shai ◽  
Zeleke Worku ◽  
Mammo Muchie
Keyword(s):  
Financial Services ◽  
Financial Management ◽  
Municipal Finance ◽  
Probit Regression ◽  
Successful Completion ◽  
Fiscal Discipline ◽  
African Countries ◽  
Finance Management ◽  
Validated Questionnaire ◽  
The City

Kaiser, Crother, Kelly, Luiselli, O’Shea, Ota, Passos, Schleip and Wuster (2013) have shown the relationship between fiscal discipline and the successful completion of municipal projects in Sub-Saharan African countries. The study aims to assess and evaluate the degree of fiscal discipline exercised by employees of the City of Tshwane on municipal finance. Financial practitioners working in the City of Tshwane are required to comply with regulations and guidelines stipulated in the South African Municipal Finance Management Act (Act number 56 of 2003). Data was collected from a stratified random sample of 146 employees of the City of Tshwane who were responsible for providing financial services to customers. Data was collected by using a structured, pre-tested and validated questionnaire of study. Statistical methods such as frequency tables, cross-tab analyses and ordered probit regression were used for performing data analyses. Efficiency in financial management was assessed by assessing the degree of adherence of employees to the Municipal Finance Management Act (MFMA) based on a composite index defined by Kaiser, Crother, Kelly, Luiselli, O’Shea, Ota, Passos, Schleip & Wuster (2013). The study showed that 89% of the 146 employees who were selected for the study demonstrated adequate adherence to the Act, whereas 11% of employees failed to do so by the same standards. The study found that the degree of adherence of employees to the MFMA was significantly influenced by 3 factors. These 3 factors were degree of skills in financial accounting and auditing, duration of service, and degree of job satisfaction, in a decreasing order of strength. The results indicated a robust association between fiscal discipline and the successful completion of municipal projects.  

THE STRATEGY TO ENHANCE THE SHARIAH FINANCIAL LITERACY AND INCLUSION IN INDONESIA (Case Study at Financial Services Authority Office in The City of Malang)

2017 ◽  
Vol 1 (1) ◽  
pp. 47
Author(s):  
Ma’rufa Khotiawan ◽  
Muhammad Luthfiansyah
Keyword(s):  
Financial Literacy ◽  
Financial Services ◽  
Financial Management ◽  
Financial Inclusion ◽  
National Strategy ◽  
Research Needs ◽  
Know How ◽  
The Government ◽  
The City

<p>The<strong> </strong>results of the survey of literacy and Financial Inclusion Shari'ah in Indonesia 2016 each show numbers 8.11 %  and 11.06 %. Whereas the inhabitants of the religion of Islam in Indonesia more than 85%. With this then needs to be formulated strategies that can increase the level of literacy and financial inclusion shari'ah in Indonesia. The importance of literacy improvement and Financial Inclusion Shari'ah to improve the behavior of the community in financial management and to improve the welfare of them. So that priorities are intended to know how the strategy applied to increasing literacy and Financial Inclusion Shari'ah. This research uses qualitative research method with the approach of the case study. The results of this research are some government policy that is contained in the form of National Strategy for Financial Literacy Indonesia (SNLKI) to improve financial literacy Shari'ah and inclusive Financial National Strategy (SNKI) to improve financial inclusion. But the next research needs to examined and monitored about various programs to increase shari'a literacy and financial inclusion is doing by the government.</p><strong>Keywords: </strong>Sharia Financial Literacy, Sharia Financial Inclusion, the strategy.

Principles of state budget management

2020 ◽  
pp. 130-135
Author(s):  
О.В. Доброскок
Keyword(s):  
Russian Federation ◽  
Financial Management ◽  
Public Management ◽  
Municipal Finance ◽  
Budget Management ◽  
State Budget ◽  
Finance Management ◽  
Strategic Goals ◽  
Budget Policy ◽  
The Russian Federation

Принципы бюджетного менеджмента являются основой организации государственной системы управления финансовыми ресурсами на макроуровне, реализующей стратегические цели и текущие задачи бюджетной политики государства. Перечень принципов бюджетного менеджмента должен быть достаточным, научно обоснованным и иметь практическое применение в государственном менеджменте различного уровня. В статье рассмотрены принципы построения бюджетной системы Российской Федерации, принципы финансового менеджмента, принципы управления государственными и муниципальными финансами, общие принципы управленческих систем. В результате исследования проведен анализ принципов бюджетного менеджмента, предложен расширенный перечень принципов, в том числе учитывающий положения Конституции Российской Федерации, дано теоретическое обоснование предложенных принципов. The principles of budget management lay down the foundations of the organization of the financial resources management state system at the macro level, which implements strategic goals and present-day problems of the state budget policy. The list of the budget management principles should be sufficient, scientifically substantiated and have practical application in public management at various levels. The article examines the principles of building the budget system of the Russian Federation, the principles of financial management, public and municipal finance management, as well as general principles of management systems. In the course of the study, the analysis of the budget management principles was carried out. As a result, an extended list of principles, in which the provisions of the Constitution of the Russian Federation are taken into consideration, was proposed. A theoretical justification of the proposed principles was given.

scholarly journals ANALISIS IMPLEMENTASI TRANSAKSI NON TUNAI DALAM PENGELOLAAN KEUANGAN DAERAH KOTA MANADO

2019 ◽  
Vol 19 (9) ◽  
Author(s):  
Elsje Celvia Mongisidi ◽  
Rosalina A.M. Koleangan ◽  
Debby Ch. Rotinsulu
Keyword(s):  
Financial Services ◽  
Financial Management ◽  
City Government ◽  
Descriptive Research ◽  
Financial Governance ◽  
Cash Transaction ◽  
Qualitative Descriptive ◽  
Entire Flow ◽  
Valid Evidence ◽  
The City

ABSTRAKTindak lanjut dari penerapan GNNT dibuat MOU (kerjasama) antara Bank Sulut dan Pemerintah Kota Manado tentang meningkatkan transaksi non tunai untuk layanan keuangan Pemerintah Kota Manado. Adapun pelaksanaan berbagai pembayaran secara transaksi non tunai diwujudkan sebagai salah satu upaya pembenahan tata kelola keuangan di Pemerintah Kota Manado yang di implementasikan oleh Walikota Kota Manado tentang pelaksanaan transaksi non tunai (transaksi non-cash). Tujuan dari penelitian ini adalah mengetahui proses implementasi system transaksi non tunai terhadap pengelolaan keuangan daerah di Kota Manado. Kemudian mengetahui keuntungan dan kendala yang dihadapi dalam proses implementasi system transaksi non tunai terhadap pengelolaan keuangan daerah. Metode penelitian yang digunakan dalam penelitian ini adalah penelitian deskriptif kualitatif. Hasil penelitian yang diperoleh adalah Penerapan sistem transaksi non tunai di Dinas Pendapatan Daerah Kota Manado di terapkan secara bertahap berdasarkan Surat Edaran Menteri Dalam Negeri. Keuntungan penerapan system transaksi non tunai di Dinas Pendapatan Daerah Kota Manado yaitu, penggunaan aliran dana seluruh transaksi dapat ditelusuri sehingga lebih akuntabel, dikarenakan seluruh transaksi didukung dengan bukti yang sah. Dalam penerapan system transaksi non tunai ada beberapa kendala-kendala yang dihadapi oleh Dinas Pendapatan Daerah Kota Manado adalah sebagi berikut sulit menerapkan system pada penerimaan retribusi. Pembuatan SPTD mengalami keterlambatan. Kata Kunci: gerakan nasional non tunai, pendapatan daerah, transaksi non tunai ABSTRACTThe follow-up to the implementation of GNNT was a MOU (cooperation) between Bank Sulut and the City Government of Manado about increasing non-cash transactions for financial services in the Manado City Government. The implementation of various payments in non-cash transactions is realized as one of the efforts to revamp financial governance in the City of Manado which is implemented by the Mayor of Manado City regarding the implementation of non-cash transactions (non-cash transactions). The purpose of this study is to know the process of implementing the non-cash transaction system for regional financial management in the city of Manado. Then find out the advantages and obstacles faced in the process of implementing a non-cash transaction system for regional financial management. The research method used in this research is qualitative descriptive research.  The results of the research obtained are the application of a non-cash transaction system in the Regional Revenue Office of the City of Manado which is implemented in stages based on the Circular of the Minister of Home Affairs. The advantage of applying the non-cash transaction system in the Regional Revenue Office of the City of Manado, that is, the use of the entire flow of transactions can be traced so that it is more accountable, because all transactions are supported by valid evidence. In the implementation of the non-cash transaction system there are several obstacles faced by the Regional Revenue Service of the City of Manado as follows as it is difficult to implement the system for receiving retribution. Making SPTD has been delayed. Keywords: non-cash national movement, regional income, non-cash transactions

Improvement of the quality assessment methodology Of municipal finance management

2020 ◽  
Vol 26 (9) ◽  
pp. 121-131
Author(s):  
Zh. Tumunbayarova ◽  
◽  
I. Bochkareva ◽  
E. Derevtsova ◽  
◽  
...  
Keyword(s):  
Financial Management ◽  
Pilot Project ◽  
The State ◽  
Transbaikal Region ◽  
Budget Process ◽  
Municipal Finance ◽  
Correlation Relationship ◽  
Finance Management ◽  
Management Quality

The problem of improving the quality of state and municipal finance management is very urgent at the present time. The purpose of the study is an attempt to substantiate the need to improve the methodology for assessing the quality of municipal finance management. One of the tasks is to test the hypothesis: municipalities with the population involved in the processes of initiative budgeting are most efficient in managing municipal finances. The object of the study is the municipalities of the Transbaikal region. In the course of the study, an analysis of the regional legal acts concerning the assessment of the quality of municipal finance management was carried out, as well as an analysis of this assessment in the context of some municipalities (urban districts) of the Transbaikal region. The analysis showed that the methodology for assessing the quality of municipal finance management in the constituent entities of the Russian Federation is based on indicators characterizing the state of municipal finance and does not fully cover indicators of the quality of local authorities’ management decisions. The analysis also revealed a correlation relationship between the financial management quality of the municipal entity of the Transbaikal region and the degree of population involvement in the budget process. The article concludes that it is necessary to improve the existing methodology for assessing the quality of municipal finance management. The method based on 3 groups of indicators - the state of municipal finances, the level of municipal programs (national projects) implementation, the quality of municipal finance management is proposed. In order to improve financial discipline and transparency of the budgetary process, the author proposes to introduce a pilot project to develop initiative budgeting in municipalities

scholarly journals Personal Finances in the Era of Modern Technological Solutions

2021 ◽  
Vol 1 (29) ◽  
pp. 155-174
Author(s):  
Anna Janina Warchewska ◽  
Alfred Janc ◽  
Rafał Iwański
Keyword(s):  
Financial Literacy ◽  
Financial Services ◽  
Financial Management ◽  
Financial Education ◽  
Personal Finance ◽  
Financial Industry ◽  
Financial Decisions ◽  
Finance Management ◽  
Self Confidence ◽  
The Impact

The purpose of the article: the aim of the article is to present the essence of personal finance management using modern financial technologies. The paper seeks to answer the question of the impact financial literacy and the growth of the fintech solutions have on personal financial management. Methodology: the analysis leads to an answer to the question of which determinants have an impact on consumers' financial decisions and what remote tools the market offers. The paper hypothesizes that the intensification of educational activities tailored to each age group by institutions offering financial services may influence the greater use of modern tools in the process of personal finance management. Theoretical considerations are based on an in-depth query of literature on the subject. Research and financial experimentation in the field of financial knowledge and skills are presented. The secondary empirical material is used to analyze the development of the FinTech industry. Results: The effectiveness of financial education is observed only in specific financial behaviors. The financial industry is shaped by recipients, who instead of financial education, look e.g. financial coaching for a specific problem at different stages of their lives. Changes in population structure (aging population) and a large group of customers from disadvantaged groups (e. i. seniors, disabled people) require the development of new, matched strategies by banks and financial services providers. Too much self-confidence and a low level of consumer knowledge of cybersecurity is becoming a challenge for modern financial technologies.

scholarly journals Descriptive Analysis of Financial Literacy SMEs in Bandung

2021 ◽  
Vol 12 (1) ◽  
pp. 9-15
Author(s):  
Asni Harianti ◽  
Maya Malinda ◽  
Miki Tjandra ◽  
Devas Kambuno
Keyword(s):  
Financial Literacy ◽  
Financial Services ◽  
Financial Management ◽  
Descriptive Analysis ◽  
Secondary Data ◽  
Management Training ◽  
Primary Data ◽  
Five Dimensions ◽  
The Government ◽  
The City

One of the supporting factors for the success of MSME is determined by the intelligence of managing finances or known as financial literacy. Financial literacy is a basic requirement that must be possessed by MSME entrepreneurs which is closely related to the knowledge of personal and business financial management, as well as knowledge to gain access to capital through financial services or institutions. This descriptive study aims to see a picture of the level of financial literacy in SMEs in Bandung. The type of data used in this study are primary data and secondary data Primary data obtained through surveys using a questionnaire to see the level of financial literacy (Financial Fitness Quis / FFQ) developed by O'Neil. The questionnaire consisting of 20 practical financial statements, covering 5 (five) dimensions of financial management, was distributed to 343 SMEs in the city of Bandung. Secondary data obtained through observation and study of literature relating to research problems. The results of the study show that MSMEs in the city of Bandung must take actions that need to be considered in the future to improve their finances to avoid financial difficulties. As a form of concern for MSMEs in the city of Bandung and as a form of support for the government, researchers are trying to alleviate the illiteracy of financial actors of MSMEs through appropriate financial management training and making of a simple financial application program SAKA (peSAK Abdi).

Public-sector Contracting for Investment Services

2017 ◽  
Author(s):  
Gordon L. Clark ◽  
Ashby H. B. Monk ◽  
Gordon L. Clark ◽  
Ashby H. B. Monk
Keyword(s):  
Financial Services ◽  
Pension Fund ◽  
Institutional Design ◽  
Economic Significance ◽  
The Us ◽  
Public Pension Fund ◽  
State And Local ◽  
Administration And Supervision ◽  
Institutional Ecology ◽  
The City

In Chapter 7, the focus shifts to public agents and the process of contracting financial services and local pension funds in the US states. The costs of governing and managing this sector are addressed and an idealized model of the institutional design, administration, and supervision of the investment management process is introduced, laying out the forms and functions of pensions in relation to their beneficial purpose. In a brief overview of the US state and local PERS sector, its economic significance and distinctive institutional ecology are noted. The authors’ research demonstrates the extent to which the market for financial services in the US public pension-fund sector is Balkanized, implying significant transaction costs for both the buy and sell sides of the market, more often found at the city or metropolitan level than among funds within states or between funds of adjacent states.

scholarly journals Financial Inclusion, Income Inequality and Sustainable Economic Growth in Sub-Saharan African Countries

2021 ◽  
Vol 13 (4) ◽  
pp. 1780
Author(s):  
Chima M. Menyelim ◽  
Abiola A. Babajide ◽  
Alexander E. Omankhanlen ◽  
Benjamin I. Ehikioya
Keyword(s):  
Economic Growth ◽  
Income Inequality ◽  
Financial Services ◽  
Sub Saharan Africa ◽  
Kuznets Curve ◽  
African Countries ◽  
Financial Access ◽  
Sub Saharan ◽  
Sustainable Economic Growth ◽  
The Impact

This study evaluates the relevance of inclusive financial access in moderating the effect of income inequality on economic growth in 48 countries in Sub-Saharan Africa (SSA) for the period 1995 to 2017. The findings using the Generalised Method of Moments (sys-GMM) technique show that inclusive financial access contributes to reducing inequality in the short run, contrary to the Kuznets curve. The result reveals a negative effect of financial access on the relationship between income inequality and economic growth. There is a positive net effect of inclusive financial access in moderating the impact of income inequality on economic growth. Given the need to achieve the Sustainable Development Targets in the sub-region, policymakers and other stakeholders of the economy must design policies and programmes that would enhance access to financial services as an essential mechanism to reduce income disparity and enhance sustainable economic growth.

Oosterweel – from an underground and even underwater road infrastructure plan to an urban transformation project

2021 ◽  
Author(s):  
Luc Hellemans
Keyword(s):  
Traffic Flow ◽  
Large Scale ◽  
Good Reason ◽  
Urban Transformation ◽  
Construction Site ◽  
Successful Completion ◽  
Road Infrastructure ◽  
Living Space ◽  
The City ◽  
Made In

<p>For the coming ten years, the heart of Europe will turn into a gigantic construction site for works on one of the largest hubs of the continent: Antwerp. The Oosterweel Link is the project whereby the motorway ring around Antwerp is undergoing a metamorphosis to reinvigorate traffic flow and add living space to the City. The project had come to a standstill for several years as a result of protests by assertive citizens, but was given a second lease of life following a large-scale participation project.</p><p>To ensure its successful completion, unparalleled efforts are being made in the field and in the area of digitization. It is therefore with good reason that in Belgium the project is referred to as “the construction site of the century”.</p>

Assessing the financial potential of organizations in the context of professional standard ‘Accountant’

2021 ◽  
Vol 14 (4) ◽  
pp. 407-432
Author(s):  
Irina A. ASTRAKHANTSEVA ◽  
Irina N. KOYUPCHENKO ◽  
Aleksandra A. TERSKIKH
Keyword(s):  
Financial Management ◽  
Systems Approach ◽  
Analytical Models ◽  
Rational Approach ◽  
Financial Strategy ◽  
Economic Relations ◽  
Business Plans ◽  
Finance Management ◽  
Economic Entity ◽  
Potential Formation

Subject. The article addresses the financial potential of the organization, investigates economic relations stemming from financial potential formation and prospects for its growth as a result of actions and initiatives of managerial staff. Objectives. The aim is to disclose the content of the rational approach in financial and analytical studies focused on expressing the analytical value of qualitative and quantitative determination of financial potential in the process of substantiating management decisions on achieving competitiveness and long-term efficiency of economic entity. Methods. The study rests on modern theories of capital structure, methods for developing financial strategy, solving multi-criteria economic problems, including ranking techniques, the graphical and analytical models. Results. We developed methodological recommendations for financial potential assessment, which include the indicators of strategic level of investment capital management based on the systems approach to the use of financial, strategic and investment analysis tools. Their application in practice will increase the informativeness of potential assessment. The findings have an applied focus aimed at professional competencies in the development of organizational and administrative documents that regulate the analysis and assessment of financial potential based on strategic goals. Conclusions. Along with the existing methods, the methodological recommendations form a subsystem of analytical support focused on the organization’s value and finance management. Their use in financial strategy formation enables to identify and study strategic alternatives of development, create financial sections of business plans, justify adjustments to the strategy and tactics of financial management.

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