IMPLEMENTACIJA FINANSIJSKOG UPRAVLJANJA I KONTROLE U SUBJEKTIMA JAVNOG SEKTORA – PUT KA NOVOJ PARADIGMI FISKALNE ODGOVORNOSTI
IMPLEMENTATION OF FINANCIAL MANAGEMENT AND CONTROL IN PUBLIC SECTOR ENTITIES - THE WAY TO A NEW PARADIGM FOR FISCAL RESPONSIBILITY

Summary/Abstract: Financial management and control are a relatively new phenomenon in the public sector entities of the Republic of Serbia. Namely, in order to increase the efficiency and effectiveness of the operation of public sector designed the system of financial management and control in order to work towards alleviating or risk their timely identification and raising the efficiency of the functioning of public sector entities, the general objective of crucial importance, because the funds that the public sector public property and all citizens are interested stakeholders for their operation. Through successfully installed and implemented a system of financial management and control ensures the compliance with current legislation, which is reflected through responsible spending of public funds entrusted contributing to effectiveness and efficiency in the common welfare spending of public funds. Responsibility for the implementation and successful existence of financial management and control of a head of public funds, or highest management level. In this paper we will approach the analysis of financial management and control of the lighting concept of financial management and control, its main characteristics and essence, suggesting the simplest methodology to set the existence of this system in the public sector entities.

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