This popular text provides a practical, step-by-step guide on how to use financial management and budgeting tools in the public sector. This updated edition features new chapters on two urgent topics for many governments--debt capacity analysis and financial risk assessment.
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"This book will serve as an excellent text in public budgeting and financial management courses that focus on political processes, budgetary theories, historical development, and substantive public policies. The author's pedagogical approach manifests an effective way to bridge theory and practice and enhance learning. Professor Wang demystifies the nature of and clarifies the application of many of the financial management tools that I had employed during my time in a budget office." - Jerry Gianakis, Suffolk University"
XiaoHu Wang is a professor at City University of Hong Kong, China. Previously, he was professor of public administration at the University of Central Florida. He has degrees in public administration and economics. A trained specialist in US local government finance, he has worked as a financial analyst for a number of governmental institutions in the United States. His teaching and research focus on financial management, performance management, and sustainability management. His research has been published in the most prestigious academic journals in public administration and public finance. He is the winner of multiple teaching and research awards.
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