Financial management is a broad concept and embraces the management of
facets of financial management. Therefore, public resource management must
be viewed from the specific context of the public sector. Public resource
managers, and in particular financial managers, must relate to their context if
they are to manage successfully. The environment of public resource
management involves values, the general and specific environmental
components, and laws.
With the above scenario in mind, briefly discuss the terms: public money,
public interest, and public benefit. Explain how public money is managed
and how or what does citizens benefit from public money.
Financial management is a broad concept and embraces the management of facets of financial management. Therefore, public
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