Financial Sustainability in Public Administration Exploring the Conc

This book analyses the methods used to assess financial sustainability as defined by the International Federation of Accountants (IFAC). Recently, there have been calls to consider sustainability as a fundamental guiding principle in public management. Th

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Financial Sustainability in Public Administration

Manuel Pedro Rodríguez Bolívar Editor

Financial Sustainability in Public Administration Exploring the Concept of Financial Health

Editor Manuel Pedro Rodríguez Bolívar University of Granada Granada, Spain

ISBN 978-3-319-57961-0 ISBN 978-3-319-57962-7  (eBook) DOI 10.1007/978-3-319-57962-7 Library of Congress Control Number: 2017943476 © The Editor(s) (if applicable) and The Author(s) 2017 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover credit: Johner Images\Gettyimages Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Springer International Publishing AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland

Foreword

In the last two decades, citizens and service recipients have required public administrations to improve economy, efficiency and effectiveness in services delivery, and this has been a cornerstone in financial management. This objective has been part of the New Public Management (NPM) and the principles of good governance, leading to reforms in the public sector around the world. Financial sustainability was of course a fundamental premise to achieve that aim, but during the last decade, and especially with the financial crisis, both governments and citizens have become aware of the need to introduce some measures and tools that support financial sustainability management. It is a prerequisite for governments to continue delivering services at the same levels and quality. Public administrations have seen the need to increase the public services provided at the same time as they have faced revenue reductions and pressures resulting in financial difficulties. This is not new if we take into account that in the 1980s, some US local governments, such as New York or Cleveland, de