scholarly journals Creating budget for citizens in the public financial management system in Ukraine

2019 ◽  
Vol 45 (1) ◽  
pp. 73-77
Author(s):  
O. V. Perchuk
Keyword(s):  
Financial Management ◽  
Management System ◽  
The Public ◽  
Public Financial Management ◽  
Financial Management System

scholarly journals Economic development and institutions in Mozambique: Factors affecting public financial management

2020 ◽  
Author(s):  
António S. Cruz ◽  
Fausto J. Mafambissa
Keyword(s):  
Economic Development ◽  
Financial Management ◽  
Management System ◽  
Separation Of Powers ◽  
Growth Strategy ◽  
Inclusive Development ◽  
Factors Affecting ◽  
The Public ◽  
Public Financial Management ◽  
Financial Management System

Mozambique has achieved incipient but still fragile socio-economic development since 1975. The public financial management system has been reformed and improved, but its performance has weakened since 2013. Applying an institutional economics approach, we have identified the economic growth strategy, the separation of powers principle, and the degree of decentralization as key factors affecting the public financial management system. As the current strategy based on natural resources seems to be failing, we suggest an alternative balanced growth strategy in the context of an effective democratic political system. It would entail the identification of policy priorities required for fostering sustainable and inclusive development.

scholarly journals Public finance management system in modern conditions

2020 ◽  
Vol 17 (4) ◽  
pp. 402-410
Author(s):  
Alla Chornovol ◽  
Julia Tabenska ◽  
Tetiana Tomniuk ◽  
Liudmyla Prostebi
Keyword(s):  
Public Finance ◽  
Public Debt ◽  
Financial Management ◽  
Management System ◽  
Budget Deficit ◽  
Negative Impact ◽  
The Public ◽  
Finance Management ◽  
Public Financial Management ◽  
Financial Management System

The public finance management system is an important lever for equalizing financial and budgetary disproportions in the context of institutional changes. The paper aims to substantiate the directions of development of the public financial management system. Economic and statistical methods and correlation-regression analysis methods are used to determine the relationship between the GDP deflator and the share of revenues, expenditures, the general government budget deficit, and public debt in GDP, assessing the features of the public financial management system in Ukraine and EU countries. This study reveals that one of the main restraining factors in the public finance system development is a significant level of uncertainty in economic processes, which intensifies macroeconomic fluctuations, significant indicators of the share of public debt and budget deficit of the state administration sector pose risks to financial and economic stability; their potential negative impact on socio-economic processes is much more destructive than the pro-cyclical nature of fiscal policy. From this point of view, the public finance management system should be directed at optimizing financial and budgetary tools to prevent the growth of public debt and budget deficit in gross domestic product, which determines the importance of substantiating further development directions of the public financial management system. It is concluded that the mechanism of public financial management in recent years is quite rigid and restrictive, in the context of institutional change expands the tools of public financial management and increases its impact on socio-economic processes.

scholarly journals Analisis Sistem Pengelolaan Keuangan Produk Pembiayaan Syariah Dengan Akad Murabahah

2020 ◽  
Vol 1 (2) ◽  
pp. 150-161
Author(s):  
Wahid Wachyu Adi Winarto ◽  
Fatimatul Falah
Keyword(s):  
Qualitative Research ◽  
Financial Management ◽  
Management System ◽  
Secondary Data ◽  
Microfinance Institutions ◽  
Savings And Loans ◽  
The Public ◽  
Savings And Loan ◽  
Financial Management System

Cooperatives for Savings and Loans and Sharia Financing are microfinance institutions that collect funds from the public and distribute them to people who need these funds. The purpose of this study was to determine the financial management system of sharia financing with the murabahah contract in the Baitut Tamwil Tazakka Islamic Savings and Loan Cooperative. This research is qualitative research using interview and documentation methods and obtained primary and secondary data results. The results of this study are that the murabahah contract is one of the most dominant contracts in the Baitut Tamwil Tazakka Sharia Savings and Loan Cooperative. Among the products are funding and financing products. In non-performing financing or bad credit, it is known from Non-Performing Financing 0.4%, so to avoid this, the Saving and Loan and Sharia Financing Cooperatives use the 5C principles, namely Character, Capacity, Capital, Collateral, and Condition.

scholarly journals Reflections on the Austrian COVID-19 budgetary emergency measures and their potential to reconfigure the public financial management system

2020 ◽  
Vol 32 (5) ◽  
pp. 855-864 ◽  
Author(s):  
Johann Seiwald ◽  
Tobias Polzer
Keyword(s):  
Financial Management ◽  
Ad Hoc ◽  
Current System ◽  
Stress Tests ◽  
Risk Disclosure ◽  
Content Type ◽  
The Public ◽  
Public Financial Management ◽  
Financial Management System ◽  
Emergency Measures

PurposeCrises constitute stress tests for public sectors, with public financial management (PFM) systems having to respond to emergency needs. In this study, the authors analyze (1) what elements of the Austrian PFM system have been affected by the COVID-19 pandemic and (2) what mechanisms have been applied to close identified gaps in the PFM system and to ensure alignment with budget principles. The authors then reflect on these PFM measures.Design/methodology/approachThe research departs from the pre-crisis configuration of the Austrian PFM system. Making use of a data triangulation strategy, the paper analyses draft laws and regulations with corresponding explanatory notes and impact assessments, transcripts from debates in the federal Parliament and articles and commentaries issued by various stakeholders.FindingsThe analysis of five areas relevant to the reconfiguration of the Austrian PFM system shows that the pandemic has caused an external shock, but at the same time, the current system has not been challenged in substance and has been utilized to react to the pandemic—resulting in (ad hoc) modifications. The system has proved robust and crisis responsive; however, in a reactive pattern, emerging ad hoc elements have been integrated, with a number of defensive mechanisms ensuring compliance with budget principles. In addition, in some areas, more proactive actions have been taken for closing system gaps (e.g. risk disclosure).Originality/valueThe authors evaluate the likelihood of (proposed, decided and implemented) emerging elements or revisions to a PFM system being embedded into the existing PFM system, alongside reflecting on results and necessary further adjustments.

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