Public Administration and Finance
of public money or resources as well as ensuring compliance with the relevant financial regulations. This paper examines finance in public administration in relation to the budgeting process and budget decision-making based on the fundamental principles of public finance. Fundamental Principles of Public Finance The management of finance and other financial resources in public administration is governed by some fundamental principles of public finance. According to Mikesell (2011), there are several fundamental principles of finance management in public administration including operating under public trust and controlling the proper use of public resources. Secondly, management of public finance should be guided by sound budget… Continue Reading...