Education on Public Finance Management: the Case of Public Expenditure and Procurement

Abstract

Public finance, spending transparency and taxation revenue collection policy is an important issue for every country. Therefore, general education in these fields is very important, especially in the post-communist societies. As these social science disciplines influence the development of a country and citizens, many countries make the use of civic education and public understanding of financial study as a way to justify citizens’ responsibility. This paper raises and examines such cases and the subject of this scientific problem - public financial management as an important element of national education. Moreover, paid taxes and their spending create a clear microclimate in the society. Nevertheless, the real tax burden should be distributed equally. Obvious legal proceedings of the tax payment diversion in the public create additional tensions. The study also discusses financial education in Bachelor’s and Master’s degree study programs of social sciences for cadets (and students). The topics of public finance expenditure and procurement are becoming increasingly important in the 21st century. Proper social control of public procurement allows a public system to meet its needs in achieving important goals. The problem in many institutions is that procurement specialists carry out public acquisition with some problems that prevent from smooth execution of public sector expenditure management. Meanwhile, due to constant tension in the society caused by mismanaging expenditure (and therefore raising tax burden), prevailing non-transparent use of public finance and national budget deficit, public finance conceptualization is becoming crucial. Furthermore, it creates a direct benefit to the overall development of cadets and students’ education.