Public Sector Accounting and Budgeting

Public Sector Accounting and Budgeting

Explaining the methods of improving public financial management: Challenges and solutions

Document Type : Review Article

Authors
Gholamreza Kordestani 1
Seyed Ahmad Mohseni 2
1 Professor, Department of Accounting, Imam Khomeini International University, Qazvin, Iran
2 Ph.D. Student in Accounting, Imam Khomeini International University, Qazvin, Iran
Abstract
The purpose of this research is to explain the methods of improving public financial management. Public financial management systems have been used all over the world with the aim of adopting reasonable and possible financial policies, setting binding and policy-compliant budgets, efficiency in financial flows of expenses and income, as well as improving the process of recording information and increasing the accountability of policy makers. Well-functioning public financial management systems are therefore critical for all countries, and are needed to implement policies in all sectors effectively and efficiently. Recently, various proposals have been presented in Iran regarding the reform of the public financial management system, the structure and budgeting system, the accounting and auditing system, and finally the reform of the performance system. Therefore, the improvement of public financial management is influenced by strong leadership, commitment and long-term movement, effective participation and strong management. 
Keywords
Importance of public financial management
Objectives of public financial management
Efficiency of public financial management
Improving public financial management

Subjects

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  • Receive Date 05 October 2022
  • Revise Date 07 November 2022
  • Accept Date 11 January 2023