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Transparency and efficiency of public financial management

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Mariam Girsiashvili

Doctor of Business Administration ORCID iD: https://orcid.org/0000-0001-6879-022X Email: Mariam.ghirsiashvili@gmail.com

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Zurab Aznaurashvili

Doctor of Public Administration ORCID iD: https://orcid.org/0000-0003-1362-0463 E-mail: zaznaurashvili@yahoo.com

Keywords: Public Finance, Transparency, Efficiency

Abstract

Peer review method: Double-Blind

Accepted: February 11, 2022

Published: April 04, 2022

Original scientific article

DOI: https://doi.org/10.52340/tne.2022.17.1.06

State authorities use public finances in the processes of implementation of the governance and make decisions on the use of public finances. The transparency and cost-effectiveness of the process play an important role in this process.

The efficiency of public finance management determines the irreversible process of state development. Under the good governance, state decisions and financial transactions are available to all stakeholders. This principle ensures the involvement of citizens in the process of public financial management and increase the efficiency of public financial management.

References

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The New Economist N1, (2022), Vol 17, Issue 1

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Published Date:

11/04/2022