Managementul financiar al instituţiilor publice

The course examines contemporary issues in public budgeting and financial management, and how they interface with public management drawing on comparative experience in OECD countries and elsewhere. Topics include: theories of budgeting; time horizons in budgeting; legal frameworks; fiscal rules; top-down budgeting; legislative budgeting; fiscal decentralisation; performance budgeting; budget transparency; budget reform; special issues in developing countries; accounting and auditing in the public sector; parliamentary scrutiny of audit findings. The first two decades of the twenty-first century have also witnessed an influx of innovations and reforms in the way governments manage public money. This course examines the most important such innovations, including fiscal responsibility legislation, fiscal rules, medium-term budget frameworks, fiscal councils, fiscal risk management techniques, performance budgeting, and accrual reporting and accounting. Besides providing a detailed description of practices in the field, the course also poses critical questions about these innovations, the issues and challenges that have appeared along the way, such as those associated with the global economic crisis, and how the ground can be prepared for the next generation of public financial management reforms.