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| The Impact Of Public Finance On Organizational Effectiveness
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EZE, DAMETOR and Dr. AMANAWA, DAVID EBIEGBERI
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Abstract:
This study examines the role of public finance on organizational effectiveness. The survey of public finance on organizational effectiveness aims to investigate the impact of general financial management on the overall performance and efficiency of organizations, particularly those operating in the public sector. The Public Choice Theory was adopted because its relevance to the role of public finance on organizational effectiveness lies in its focus on understanding how individuals and groups make decisions within the public sector. By applying economic principles to political decision-making, Public Choice Theory provides insights into how public finance policies and practices can impact the effectiveness of organizations. The study adopted secondary data as a source of data collection from various journals, articles, publications, and encyclopedias. The study revealed that public finance positively enhances organizational effectiveness. The study concluded that Public finance plays a crucial role in determining the effectiveness of organizations in Nigeria. It encompasses the management of public funds, taxation, and government expenditure, all of which directly impact the functioning and performance of organizations. Effective public finance policies can contribute to the growth and development of organizations by providing them with necessary resources, promoting stability, and creating an enabling environment for business operations. Based on the study's findings, it has been recommended that the government prioritize the development of robust financial management systems to ensure efficient allocation and utilization of public funds; this includes enhancing transparency, accountability, and oversight mechanisms to prevent corruption and mismanagement. In Nigeria, industry leaders cannot neglect the importance of public funding in organizational success. Effective public finance policies are necessary for firms to survive in a competitive economic climate. Public finance contributes considerably to the growth and performance of organizations functioning in Nigeria by providing financial resources, encouraging stability, and resolving market failures.
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