Federal Financial Management

Federal Financial Management refers to the processes and systems used by the U.S. government to manage public funds efficiently and responsibly. It involves planning, budgeting, accounting, and reporting on the government's financial activities. The aim is to ensure transparency, accountability, and proper use of taxpayer money. This includes monitoring spending, collecting revenues (like taxes), and maintaining financial records. Effective federal financial management helps the government meet its obligations, support public services, and achieve economic stability while adhering to laws and regulations that safeguard public funds.