Financial Management of Public Institutions

Abstract

The paper provides a perspective on the public institution as an organization, its financial management including principles and funding mechanisms helping to form a picture from the point of view of the person involved in its management. From the scientific perspective, the paper has an economic approach. This means that the public organization is valued in terms of efficiency, effectiveness and cost. In view of the entity of interest, as well as the adopted scientific perspective, a description of the functional elements of the public organization in a manner similar to that of the management studies resulted, always being analyzed from the perspective of comparisons with private organizations.

Keywords

• management
• public institution