State Financial Management

State Financial Management refers to how a government plans, controls, and monitors its financial resources to deliver public services effectively and responsibly. It involves budgeting, collecting revenue, managing expenditures, and maintaining financial records to ensure funds are used efficiently, transparently, and in accordance with laws. Good financial management helps prevent waste, support economic stability, and fund essential services like education, healthcare, and infrastructure, ultimately improving citizens' well-being and trust in government.