Public Sector Financial Management

Public Sector Financial Management involves the planning, budgeting, and overseeing of government funds to ensure resources are used effectively and transparently. It includes setting financial policies, monitoring expenditures, and accounting for public money to support government programs and services. The goal is to achieve fiscal responsibility, ensure accountability, and meet public needs efficiently. This process helps prevent waste, fraud, and mismanagement, ultimately maintaining trust between citizens and government institutions while fostering sustainable economic development.