Efficient Public Financial Management for Effective Governance and Sustainable Urban Development
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Date
2022
Authors
Musau, Salome
Journal Title
Journal ISSN
Volume Title
Publisher
IPRJB
Abstract
Purpose: This paper looked at the principles of good financial governance that including:
Financial planning practices, Revenue mobilization strategies, monitoring and evaluation units
and assessed how they affect sustainable urban development.
Methodology: Through a situational analysis, this report comes up with a conceptual literature
which evaluates existence of correlation between efficient governance, monetary management as
well as sustainable urban development.
Findings: The paper established that the fundamental reason for public financial management is
logical, efficient and time-time evaluation of financial practices employed by the urban councils
to promote institutional learning on one hand as well as improving future performance and
therefore, enhance the standard of their financial decision making. And thus, it concludes that
effective and efficient use of public funds depends on the level of Accountability. Also, good
financial governance and good institutional structures are crucial in attaining sustainable
development.
Unique Contribution to Theory, Practice and Policy: The paper recommends that, public
institutions should strive to attain good financial governance which enhances management
decisions, accountability and organization learning in attaining sustainable development. This
paper also recommends that M&E should support evidence-based decision making as well as
nominal compliance. In order to enhance planning, service delivery and policy process M&E
should be properly institutionalized, funded and located.
Description
Article
Keywords
Financial Governance, Public Finance Management, Sustainable Development
Citation
Musau, S. (2022). EFFICIENT PUBLIC FINANCIAL MANAGEMENT FOR EFFECTIVE GOVERNANCE AND SUSTAINABLE URBAN DEVELOPMENT. Journal of Public Policy and Administration, 7(1), 21 – 30. https://doi.org/10.47604/jppa.1459