Public Financial Management

Nowadays, new public management is practicing all over the world, which advocated discarding traditional bureaucracy system, introducing competition mechanism and learning advanced management technology of the private sector, in order to achieve a high efficient government on little cost. The public financial management is an important part of public management and has a direct bearing on the quality of public management. As a combination of public finance and financial management, the ultimate goal of public financial management is basically the same as the core concept of new public management. Therefore, public financial management is especially important now.China's public financial management is plagued with many problems, resulting in low efficiency of the use of public funds, a waste of public resources and increasing public financial risks. These problems made people discontent with the public sector and seriously damage the government's image and prestige. So, it is urgent for our government to reform the system of public financial management. In this thesis, I discuss the main content of public financial management as well as its information system, governmental accounting and financial reports. I also analyze the problems existing in China's public financial management and its reasons. On this basis, some proposals are put forward concerning establishment of related laws, rational allocation of public financial powers, introduction of advanced technology of modern enterprise financial management, establishment of unified system of governmental accounting and financial reports and strengthen financial supervision perspective and so on.