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The Importance Of Financial Management Principles In The State Budget Execution

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  • HOLYNSKYY, Yuriy

    (Ivan Franko National University of Lviv)

Abstract

In the structure of the financial system of each state, one of the most important places is given to the budget, which characterizes the degree of development of budget relations that arise between government bodies and economic entities in the process of distributing gross domestic product. The budget as an instrument of macroeconomic regulation has an impact on the development of social sectors, the functioning and modernization of national defense and law enforcement activities, the development of national economic sectors and the welfare of the society. At the same time, the implementation of budgeted activities of supporting the sectors of the national economy and other activities depends not only on their consideration in drawing up the budget, but also on the quality of its execution. In this paper, author determines the possibilities of using the financial management principles in the public sector during all stages of state budget execution.

Suggested Citation

  • HOLYNSKYY, Yuriy, 2017. "The Importance Of Financial Management Principles In The State Budget Execution," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 17(4), pages 19-28.
    • Handle: RePEc:ris:sphecs:0272
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    File URL: http://anale.spiruharet.ro/index.php/economics/article/view/1742/pdf
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    References listed on IDEAS

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    1. Jeffrey B. Liebman & Neale Mahoney, 2017. "Do Expiring Budgets Lead to Wasteful Year-End Spending? Evidence from Federal Procurement," American Economic Review, American Economic Association, vol. 107(11), pages 3510-3549, November.
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    Cited by:

    1. OYEWO, Babajide & ADYEYE, Gbadegesin, 2018. "Budgetary Participation And Managerial Performance In Public Sector Organisations: A Study From Nigeria," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 9(1), pages 47-76.

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    More about this item

    Keywords

    budget execution; financial management; public finance; New Public Management;
    All these keywords.

    JEL classification:

    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures

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