Financial Management and Control in Public Administration as One of the Essential Factors of Good Governance

Jovana Andelković – Toplica Academy od Applies Studies, Cirila i Metodija 1, 18400 Prokuplje, Serbia

Mihajlo Đurović – Toplica Academy od Applies Studies, Cirila i Metodija 1, 18400 Prokuplje, Serbia

Marko Sretenović – PE Roads of Serbia, Bulevar Kralja Aleksandra 282, 11050 Belgrade, Serbia

Dragan Milovanović – Ministry of Internal Affairs, Bulevar Zorana Dindiéa 104, 11070 Novi Beograd, Serbia

Abstract: Financial management and control in the public sector represent a comprehensive system of established processes and controls. They contribute to greater accountability in public administration, rational and accountable management and spending of budget funds, building a culture of integrity, promoting trust between citizens and public administration, and striving to prevent corruption and fraud. The paper aims to highlight the importance of this system, the system of accountability in public administration, its connection Creative Commons Non with internal audits, and the direction of future reforms.

10th International Scientific Conference ERAZ 2024 – Conference Proceedings: KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT,  hybrid – online, virtually and in person, Lisbon, Portugal, June 6, 2024

ERAZ Conference Proceedings published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ERAZ conference partners: Faculty of Logistics, University of Maribor, Maribor (Slovenia); University of National and World Economy – UNWE, Sofia (Bulgaria); Center for Political Research and Documentation (KEPET), Research Laboratory of the Department of Political Science of University of Crete (Greece); Institute of Public Finance – Zagreb (Croatia); Faculty of Tourism and Hospitality Ohrid, University of St. Kliment Ohridski from Bitola (North Macedonia)

ERAZ Conference 2024 Conference Proceedings: ISBN 978-86-80194-86-8, ISSN 2683-5568,

DOI: https://doi.org/10.31410/ERAZ.2024

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission. 

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