Why Public Financial Management Matters

Kioko, Sharon N.; Marlowe, Justin; Matkin, David S. T.; Moody, Michael; Smith, Daniel L.; Zhao, Zhirong J.
January 2011
Journal of Public Administration Research & Theory;Jan2011 Supplement 1, Vol. 21 Issue suppl_1, pi113
Academic Journal
The article discusses the significance of financial resource management to public organizations. It offers public financial management (PFM) research on several concerns including auditing and fiscal policymaking to inform public administration and management (PAM) scholars of the importance of public financial management. It states that the adaptability of PAM and PFM to environment conditions like changing policies, governance and legal standards motivate them in handling financial responsibilities. It also mentions the significance of planning-programming-budgeting (PBB) system for government reforms and actions to help the organization. Moreover, the advantages of shared management in PFM functions on financial control, decision making and scholarship were also discussed.


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