Social Security

Running head : SOCIAL SECURITY

Social Security

PUB5000

Introduction to Public Administration

Felicia

September 25 , 2006

Abstract

The environment wherein the government operates is fast changing . There are greater demands on government services owing to scarce resources population explosion , and downsizing . Consequently , it is necessary for government agencies to come up with an effective financial management framework . This framework must include the principles of a sound financial management such as democratic consent , equity , transparency probity , prudence , and accountability . As reported in the Social Security News Release by

Jim Courtney last April of 2002 , one public program that has earned the highest grade , a B ' for Government in the Financial Management Status Report is the Social Security Administration . Social Security 's reputation for sound financial management was the result of the great efforts of the managers and employees

Social Security

The manager is the head of office or the leader of an organization . Under the Financial Administration Act and government policy as stated by Desautels (1999 ) in his article The Financial Management Capability Model , all managers in government are delegated with public resources to provide programs and services to the community They have a responsibility to handle those resources with equity prudence , democratic consent , transparency and probity and must observe economy , efficiency and effectiveness they also must also be held accountable for the resources they have used (Desautels , 1999 Financial management is an vital element of what financial and program managers in departments and agencies do in providing and carrying out programs and services and exercising stewardship over the resources delegated to them (Archer , 1983

This intends to help strengthen the financial management of the public programs created and carried out . A sound financial management is very important for a public program or service given the limited resources available . A Financial Management seeks to come up with a more synchronized , successful approach to evaluating and performing systems for public expenditure , procurement , and financial accountability in developing countries particularly in those countries that receive international assistance for budget support (Kaplan Norton , 1996 . Kaplan and Norton (1996 ) further presented that such support , also known as adjustment lending , has become far more significant in recent years . The primary reason for the financial back up is the misuse of funds allocated to the public agency or service What is more , growing awareness of the disparaging effects of corruption - emphatically underscored by the East Asian financial crisis of 1997-99 - has given new pressure to donors ' need to make sure that assistance is not diverted to private ends or misallocated to activities not favorable to nurturing growth and reducing poverty (Kaplan and Norton , 1996 . For all these reasons , it is important that the strengths and weaknesses of national budget systems be well understood and that governments apply improvements where required , particularly in high-risk areas Furthermore , an effective and sound financial management framework involves focusing on the essential elements and principles to avoid the problems mentioned (Kaplan Norton , 1996

A public program such as the Social...