Abstract

The agenda for national development requires a persistent improvement in education as a tool for creating knowledgeable human capital, highly skilled labour, a high technology society and ultimately a highly civilized nation for the future challenging world. It requires considerable financial and technical investment as well as effective and efficient public administration to realize these aims. The persistent actions by the Federal Government and the Ministry of Education in Malaysia throughout the past decades to enhance the quality of school financial management were portrayed in the country’s national master plans such as the Education Development Master Plan (PIPP) 2006-2010, the Tenth Malaysia Plan 2010-2015 and the Malaysia Education Blueprint (PPPM) 2013-2025. Among the strategies focused on upgrading education and curriculum delivery is to improve the effectiveness and efficiency of educational financial management as a vital part of educational administration. The latest Tenth Malaysia Plan 2010-2015 was formed with the objective of revamping the education system in order to significantly raise student outcomes. As an innovative approach to realize the effectiveness of knowledge delivery, public-private partnerships have been established for pre-school and primary and secondary education which allow for significant autonomy for school managers. Key words: Financial management, education, student outcomes, Malaysia.

Highlights

  • The financial decentralization reform in Malaysia began within the public sectors, the Government’s departments and agencies, with the introduction of the Responsibility Centre or the so-called Pusat Tanggungjawab (PTj) in 1989

  • As an innovative approach to realize the effectiveness of knowledge delivery, public-private partnerships have been established for pre-school and primary and secondary education which allow for significant autonomy for school managers

  • This study has contributed to the development of an effective school-based financial management profile based on the Malaysian context

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Summary

Introduction

The financial decentralization reform in Malaysia began within the public sectors, the Government’s departments and agencies, with the introduction of the Responsibility Centre or the so-called Pusat Tanggungjawab (PTj) in 1989. It was intended as an effort to bring autonomy to lower level management in managing the allocated financial resources from the traditional style of bureaucracy in the government’s department. The PTj schools in Malaysia have autonomy over their financial resources allocated within certain boundaries of regulation imposed on them by the government.

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