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Financial Strategy for Public Managers

Author : Sharon Kioko

Publisher :

Page : pages

File Size : 47,2 MB

Release : 2017-09-07

Category :

ISBN : 9781927472590

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Book Description

Financial Strategy for Public Managers is a new generation textbook for financial management in the public sector. It offers a thorough, applied, and concise introduction to the essential financial concepts and analytical tools that today's effective public servants need to know. It starts "at the beginning" and assumes no prior knowledge or experience in financial management. Throughout the text, Kioko and Marlowe emphasize how financial information can and should inform every aspect of public sector strategy, from routine procurement decisions to budget preparation to program design to major new policy initiatives. They draw upon dozens of real-world examples, cases, and applied problems to bring that relationship between information and strategy to life. Unlike other public financial management texts, the authors also integrate foundational principles across the government, non-profit, and "hybrid/for-benefit" sectors. Coverage includes basic principles of accounting and financial reporting, preparing and analyzing financial statements, cost analysis, and the process and politics of budget preparation. The text also includes several large case studies appropriate for class discussion and/or graded assignments.



PEFA, Public Financial Management, and Good Governance

Author : Jens Kromann Kristensen

Publisher : World Bank Publications

Page : 168 pages

File Size : 44,89 MB

Release : 2019-11-24

Category : Business & Economics

ISBN : 146481466X

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Book Description

This project, based on the Public Expenditure and Financial Accountability (PEFA) data set, researched how PEFA can be used to shape policy development in public financial management (PFM) and other major relevant policy areas such as anticorruption, revenue mobilization, political economy analysis, and fragile states. The report explores what shapes the PFM system in low- and middle-income countries by examining the relationship between political institutions and the quality of the PFM system. Although the report finds some evidence that multiple political parties in control of the legislature is associated with better PFM performance, the report finds the need to further refine and test the theories on the relationship between political institutions and PFM. The report addresses the question of the outcomes of PFM systems, distinguishing between fragile and nonfragile states. It finds that better PFM performance is associated with more reliable budgets in terms of expenditure composition in fragile states, but not aggregate budget credibility. Moreover, in contrast to existing studies, it finds no evidence that PFM quality matters for deficit and debt ratios, irrespective of whether a country is fragile or not. The report also explores the relationship between perceptions of corruption and PFM performance. It finds strong evidence of a relationship between better PFM performance and improvements in perceptions of corruption. It also finds that PFM reforms associated with better controls have a stronger relationship with improvements in perceptions of corruption compared to PFM reforms associated with more transparency. The last chapter looks at the relationship between PEFA indicators for revenue administration and domestic resource mobilization. It focuses on the credible use of penalties for noncompliance as a proxy for the type of political commitment required to improve tax performance. The analysis shows that countries that credibly enforce penalties for noncompliance collect more taxes on average.



Quantitative Analysis in Public Finance

Author : Alan T. Peacock

Publisher : Greenwood

Page : 300 pages

File Size : 29,57 MB

Release : 1969

Category : Business & Economics

ISBN :

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Book Description

The studies in this volume, with two exceptions, were originally presented at a round table conference for younger specialists in public finance, held at Turin in September 1968, in conjunction with the annual meeting of the International Institute of Public Finance.



Public Financial Analysis

Author : Kevin E. O'Brien

Publisher : Routledge

Page : 320 pages

File Size : 48,29 MB

Release : 2016-04-15

Category : Political Science

ISBN : 9780765641632

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Book Description

Public Financial Analysis is both a textbook for advanced undergraduate and graduate students and a guidebook for practitioners, on the methods, tools, and metrics utilized in public sector financial analysis. The book instructs readers on how to use local government financial records to produce financial and economic benchmarks to track the financial condition of cities, to follow the economic base, revenue, expenditure, operating position, and debt trends to help define the financial condition of local governments. The book will provide readers with the framework, methods, and tools to analyze the finances of a city and define its financial condition. The analysis of the city's operating and capital finances will allow elected and appointed officials understand to a city's current financial position and to analyze how budget and program considerations will affect the city's future financial condition. To support the financial analysis concept, each chapter of the book will utilize case studies driven by a database of local government finances of 2,000+ local jurisdictions. The database charts the financial position of each jurisdiction through the use of financial and economic benchmarks to project the financial condition and allow comparison across similar types of jurisdictions: by type of government (city, village, and township), or population cohorts. Public Financial Analysis is designed to serve as a primary text in a public financial analysis class or a supplementary text for Municipal Budgeting, Budgeting and Policy Analysis, Public Management, and Public Finance and Economics.



Public Financial Management and Its Emerging Architecture

Author : Mr. M. Cangiano

Publisher : International Monetary Fund

Page : 468 pages

File Size : 46,29 MB

Release : 2013-04-05

Category : Business & Economics

ISBN : 1475512198

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Book Description

The first two decades of the twenty-first century have witnessed an influx of innovations and reforms in public financial management. The current wave of reforms is markedly different from those in the past, owing to the sheer number of innovations, their widespread adoption, and the sense that they add up to a fundamental change in the way governments manage public money. This book takes stock of the most important innovations that have emerged over the past two decades, including fiscal responsibility legislation, fiscal rules, medium-term budget frameworks, fiscal councils, fiscal risk management techniques, performance budgeting, and accrual reporting and accounting. Not merely a handbook or manual describing practices in the field, the volume instead poses critical questions about innovations; the issues and challenges that have appeared along the way, including those associated with the global economic crisis; and how the ground can be prepared for the next generation of public financial management reforms. Watch Video of Book Launch





The International Handbook of Public Financial Management

Author : Richard Allen

Publisher : Springer

Page : 1125 pages

File Size : 32,23 MB

Release : 2013-08-15

Category : Business & Economics

ISBN : 113731530X

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Book Description

The Handbook is a virtual encyclopedia of public financial management, written by topmost experts, many with a background in the IMF and World Bank. It provides the first comprehensive guide to the subject that has been published in more than ten years. The book is aimed at a broad audience of academics/students, government officials, development agencies and practitioners. It covers both bread-and-butter topics such as the macroeconomic and legal framework for budgeting, budget preparation and execution, procurement, accounting, reporting, audit and oversight, as well as specialist subjects such as government payroll systems, local government finance, fiscal transparency, the management of fiscal risks, sovereign wealth funds, the management of state-owned enterprises, and political economy aspects of budgeting. The book sets out numerous examples and case studies describing good practice in public financial management, and is highly relevant for use in both advanced and developing countries.



Public Financial Management in the European Union

Author : Marta Postuła

Publisher : Routledge

Page : 217 pages

File Size : 20,56 MB

Release : 2022-04-19

Category : Business & Economics

ISBN : 1000578305

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Book Description

This book reveals how to create efficient institutions and coordinate policy on a transnational scale to ensure that European Union integration can best meet social needs. It offers a combined technocratic and humanist perspective on the discussion of public financial management. The state, as part of its public policy, should seek to preserve our social and environmental values, yet there are mounting imbalances in society which point to the growing role of the state in minimising them. Under such circumstances, it is worth reflecting on how new challenges could require updated, more complex formulas, to deal with crises in current times and for social and economic policy making by states and the European Union generally, which would ensure their compatibility with the world financial markets. The work offers an in-depth and unique performance analysis of European Union institutions compared to the national entities of EU Member States. It contributes to the ongoing debate on global public goods and the processes involved in managing their provision. Further, it discusses public finance management instruments, indicating their historical evolution in practice and their effectiveness measured with the Human Development Index. The author presents a proposal of how to manage global, European and national public goods across three areas: environmental protection, transnational infrastructure projects and social policy. The book analyses public financial management instruments used during the recent pandemic, making a distinction between regular and emergency instruments and assessing their effectiveness in specific economic situations. This will be of interest to researchers and students of economics and finance, as well as decision makers and practitioners from governments, international organisations and specific non-governmental organisations concerned with issues of public finance management.



Public Finance and Parliamentary Constitutionalism

Author : Will Bateman

Publisher : Cambridge University Press

Page : 283 pages

File Size : 29,70 MB

Release : 2020-09-24

Category : Business & Economics

ISBN : 1108478115

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Book Description

Explores financial aspects of constitutional government, focusing on central banking, sovereign borrowing, taxation and public expenditure.



Public Finance

Author : Richard W. Tresch

Publisher : Academic Press

Page : 976 pages

File Size : 22,64 MB

Release : 2002-05-08

Category : Business & Economics

ISBN : 0126990514

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Book Description

Featuring a general equilibrium framework that is both cohesive and versatile, the Second Edition of Public Finance: A Normative Theory brings new and updated information to this classic text. Through its concentration on the microeconomic theory of the public sector in the context of capitalist market economics it addresses the subjects traditionally at the heart of public sector economics, including public good theory, theory of taxation, welfare analysis, externalities, tax incidence, cost benefit analysis, and fiscal federalism. Its goal of providing a foundation, rather than attempting to present the most recent scholarship in detail, makes this Second Edition both a valuable text and a resource for professionals. * Second edition provides new and updated information * Focuses on the heart of public sector economics, including public expenditure theory and policy, tax theory and policy, cost benefit-analysis, and fiscal federalism * Features a cohesive and versatile general equilibrium framework