Insights of public financial management

Abstract

In present competitive and dynamic environment, financial resources are assumed as a life-blood of public organisations as acknowledged by researchers and academicians. But little attention has been paid to how financial resources are managed – what is known as public financial management (PFM). Thus, the aim of this study is to look at different studies on subject “public financial management” that are made up of distinct research perspectives. In this regard, 67 studies were selected in the systematic and bibliometric review from inception to 2021 around the globe. The outcome of this study indicates that the interest in the subject of public financial management has gained significant growth with the passage of time, particularly after 2018. In addition, most of the studies on PFM are qualitative in nature, rather quantitative and mixed method approaches have been ignored in literature. Furthermore, this article reports some potential gaps and possibilities in the body of literature for future research.