Fully revised and updated, this edition details how modern financial management techniques are applied to the public sector. It is aimed at students, financial managers in the public sector, practising accountants and academics. This text explores the nature of change within the public sector, emphasizing the impact on financial management of the increasing role of markets and competition. The authors look at current practices - their variety, strength and weaknesses - and the lessons to be learned from the private sector. It includes many new features: the citizen's charter, break-even analysis, formula funding, controlling central government expenditure, treasury and investment management and a case study chapter.
