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Public Money & Management is a peer-reviewed academic journal that was established by the Chartered Institute of Public Finance and Accountancy in 1981 as Public Money to be "an independent journal to promote discussion of public sector policy making". The journal obtained its current title in 1988.
Government spending or expenditure includes all government consumption, investment, and transfer payments. [1] [2] In national income accounting, the acquisition by governments of goods and services for current use, to directly satisfy the individual or collective needs of the community, is classed as government final consumption expenditure.
Resource generation, resource allocation, and expenditure management (resource utilization) are the essential components of a public financial management system. The following subdivisions form the subject matter of public finance.
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Resource Management: Resource management is an important aspect of public budgeting, as it involves the allocation, utilization, and monitoring of financial, human, and other resources. Some key considerations in resource management of public budgeting include: prioritisation, efficiency, accountability, transparency, flexibility. [2]
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Money management is the process of expense tracking, investing, budgeting, banking and evaluating taxes of one's money, which includes investment management and wealth management. Money management is a strategic technique to make money yield the highest interest-output value for any amount spent. Spending money to satisfy cravings (regardless ...
The Fiscal Responsibility and Budget Management Act, 2003 (FRBMA) is an Act of the Parliament of India to institutionalize financial discipline, reduce India's fiscal deficit, improve macroeconomic management and the overall management of the public funds by moving towards a balanced budget and strengthen fiscal prudence.