The Importance of Financial Management Principles in the State Budget Execution

Authors

  • Yuriy Holynskyy Ivan Franko National University of Lviv, Faculty of Financial Management and Business

DOI:

https://doi.org/10.26458/1742

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 determine the possibilities of using the financial management principles in public sector during all stages of state budget execution.

Author Biography

Yuriy Holynskyy, Ivan Franko National University of Lviv, Faculty of Financial Management and Business

Associate professor Department of State and Local Finance

References

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Osborne, David and Ted Gaebler. 1993. Reinventing government: how the entrepreneurial spirit is transforming the public sector. New York: Penguin.

Ríos, Ana-María, Francisco Bastida, and Bernardino Benito. 2016. "Budget transparency and legislative budgetary oversight: An international approach." The American Review of Public Administration 46.5: 546-568.

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Published

2017-12-21

How to Cite

Holynskyy, Y. (2017). The Importance of Financial Management Principles in the State Budget Execution. Annals of Spiru Haret University. Economic Series, 17(4), 19–28. https://doi.org/10.26458/1742

Issue

Section

ACADEMIA PAPERS