Risteska, Fanka and Spaseska, Tatjana and Risteska, Aneta and Gveroski, Miroslav and Odzaklieska, Dragica (2017) The Role and Importance of the System for Financial Management and Control in the Public Sector Functioning in R. Macedonia. International Balkan and Near Eastern Social Sciences Congress Series. pp. 51-65.
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Abstract
The financial management and control system in the public sector require from the budget users to improve the efficiency and effectiveness of their work as well as strengthening the responsibilities of managers
about the way of managing available resources, liabilities, costs and results. The development of this system together with the development of the budget system follow the direction of linking the strategic and budgetary planning, the development of the program planning, defining clear working objectives, establishing performance indicators and developing a system for monitoring the implementation.
In fact, financial management and control represent a system in which the financial effects from the operations of the budget user are guided and controlled to support the implementation of its objectives.
The purpose of financial management and control is to ensure: performing the work effectively, concordance of the working with the legislation, protection of the property from poor management, strengthening the responsibility for the successful realization of the set goals and timely financial reporting and monitoring the operating results.
Considering the above findings, the financial management and control system is crucial for the successful functioning of the public sector. Precisely because of this fact, the subject of research for this paper will be the development of the financial management and control system in the public sector in Macedonia with special
emphasis on the implementation of this system in the Unity of the Local Municipality Prilep.
| Item Type: | Article |
|---|---|
| Subjects: | Scientific Fields (Frascati) > Social Sciences > Economics and Business |
| Divisions: | Faculty of Education |
| Depositing User: | Mr Dimitar Risteski |
| Date Deposited: | 21 Nov 2019 22:12 |
| Last Modified: | 09 Mar 2020 08:16 |
| URI: | https://eprints.uklo.edu.mk/id/eprint/2052 |
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