Financial Administration:
Objectives
- Financial administration is characterised by deficit budgets, massive public debt and deficit financing.
These are as follows:
- Management of the finances of public household
- Implementation of projects and programmes
- Provision for public goods and social services
- Growth, Employment and Price Stability
- Capital formation
- Productive deployment of national funds
- Facilitating smooth flow of parliamentary processes
- Achieving equity and equality.
Principles of Financial Administration
- The principle of primacy of public interest, public choice and public policy
- The principle of political direction and control
- The principle of correspondence
- The principle of unity of organisation and management
- The principle of stability and balance
- The principle of simplicity and flexibility
- The principle of conduct, discipline and regularity
- The principle of public trust and accountability.