Public Finance Management: Challenges and Opportunities
Copyright policy )Public Finance Management: Challenges and Opportunities
The paper reveals the essence of the system of public financial management (PFM), defines its key elements of PFM system and articulates goals and objectives. The author's definition of PFM is given. A comparative analysis of managerial financial cycles in the public and private sectors of the economy is carried out. The historical aspect of the PFM reforms is also analyzed, and various approaches to financial management (income and expenditure) in the public sector are studied. Factors influencing the effectiveness of the PFM reforms are revealed. The challenges faced by financial managers in implementing public finance reforms are analyzed, and the opportunities that can be used to achieve the objectives of the PFM system, some of which are simultaneously challenges (Blockchain and open government data (OGD)), are analyzed
- National Research University of Electronic Technology Russian Federation
- Institute of Economics and Management Russian Federation
- National Research Tomsk State University Russian Federation
key elements of the pfm system, blockchain in the public sector, открытые данные, public finance management, Regional economics. Space in economics, управление государственными финансами, open government data, HT388, государственный сектор, блокчейн, efficiency of pfm reform
key elements of the pfm system, blockchain in the public sector, открытые данные, public finance management, Regional economics. Space in economics, управление государственными финансами, open government data, HT388, государственный сектор, блокчейн, efficiency of pfm reform
selected citations These citations are derived from selected sources.This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).7 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Top 10% influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Average impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Average
Citations provided by BIP!Popularity provided by BIP!