Economics and Finance

Public administration reform and public financial management reform (Law No. 196 of December 31, 2009). The Constitutional principles governing public financial management. The functions of the State and local government budgets and related documents. The economic/financial programming. The budget decision-making process. The annual and multi-year budgets. The Stability Law. The modifications of the budget. The budget as the instrument for resource management. The execution of revenues and expenditures. The administrative control system. Accountability in public administration. The financial management of local authorities.Theoretical Understanding. Functions and activities concerning government budgets with particular reference to the programming instruments of the State, regions and locale authorities; principles of financial management; revenue and expenditure procedures and connected responsibilities; administrative controls and their relevance of the improvement of management results. Operationals Tools. Operational competences in financial management (economic/financial programming, budget execution, reporting, and controls); problem-solving skills in public financial management following the principles of “good administration” and impartiality and according to the criteria of effectiveness, efficiency and economy.