THE ROLE OF THE FINANCIAL MANAGEMENT INFORMATION SYSTEM IN PUBLIC FINANCIAL MANAGEMENT

Abstract

Governments around the world have initiated many reform studies in the field of public financial management in order to ensure efficient distribution of resources, increase efficiency and ensure fiscal discipline. One of these efforts is that they have made significant investments in strengthening institutional capacity and technology for the development of governments' financial management information systems. Financial management information system (FMIS) is an information system consisting of components that support some public financial management functions such as accounting, budget preparation and implementation, treasury operations, debt management, salary transactions, purchasing, public investments, through web-based computer technologies and produce reports related to these. It is a must for FMIS public financial management and plays a fundamental role in the implementation of the budget. This study will reveal the role of FMIS in public financial management.