financeФинансы: теория и практика/Finance: Theory and PracticeFinance: Theory and Practice2587-56712587-7089Financial University under The Government of Russian Federation10.26794/2587-5671-2022-26-6-175-191finance-1873Research ArticleФИНАНСОВЫЙ МЕНЕДЖМЕНТFINANCIAL MANAGEMENTВлияние современных финансовых инструментов на управление государственными финансами (на примере Египта)Modern Financial Tools’ Impact on Public Financial Management: The Case of Egypthttps://orcid.org/0000-0001-5995-9345Эль-СаманА.А.М.А.El-SamanA.A.M.A.

Атеф Ахмед Мохамед Ахмед Эль-Саман – PhD, кафедра государственного управления, факультет экономики и политических наук

Гиза, Каир

Atef Ahmed Mohamed Ahmed El-Saman – PhD, Researcher, Department of Public Administration, Faculty of Economics and Political Science

Giza, Cairo

atef.saman@gmail.comКаирский университетЕгипетCairo UniversityEgypt202231122022266175191Copyright © Эль-Саман А., 20222022Эль-Саман А.El-Saman A.Данная работа распространяется под лицензией Creative Commons Attribution 4.0.This work is licensed under a Creative Commons Attribution 4.0 License.https://financetp.fa.ru/jour/article/view/1873

Цель данного исследования – определить воздействие применения современных инструментов управления государственными финансами (MPFM) в программах финансовых реформ на эффективность управления государственными финансами (PFM) в развивающихся странах на примере египетской программы реформ, реализованной в 2005–2015 гг. Применение инструментов MPFM может повысить эффективность PFM в развивающихся странах при наличии институциональных факторов, обеспечивающих их успешное внедрение в программы реформ. Использован описательно-аналитический метод для описания управленческого воздействия применения инструментов MPFM в ходе финансовых реформ в развивающихся странах. Для оценки взаимосвязи между применением современных финансовых инструментов и управленческой эффективностью PFM, оцениваемой через три элемента: операционную эффективность, распределительную эффективность и финансовую дисциплину, использован метод кейс-стади на примере египетского эксперимента по реформированию. В практическом исследовании использован пакет IBM SPSS и MS-Excel для обработки данных. Результаты показали положительную корреляцию между применением современных финансовых инструментов и темпами повышения эффективности PFM в египетской программе реформ. В ходе исследования была разработана специальная модель для более глубокого понимания влияния инструментов MPFM на эффективность PFM. Модель продемонстрировала сильную положительную корреляцию между успешным применением современных инструментов PFM и их эффективностью, а также показала, что наличие необходимой финансовой информации о государственных доходах в режиме реального времени и усиление контроля за государственными расходами приводит к достижению финансовой дисциплины.

The purpose of this study is to examine the managerial impacts of applying modern public financial management (MPFM) tools in financial reform programs on the efficiency of public financial management (PFM) in developing countries, considering the case of the Egyptian reform program implemented during 2005–2015. Applying MPFM tools could improve the efficiency of PFM in developing countries if institutional factors are available to ensure their successful implementation in reform programs. The study adopted a descriptive-analytical method to describe the managerial impact of applying MPFM tools in the financial reform experiences in developing countries. It employed a case study approach on the Egyptian reform experiment to estimate the correlation between applying modern financial tools and the managerial efficiency of PFM assessed through three elements: operational efficiency, allocative efficiency, and financial discipline. The practical study used the IBM SPSS package and MS-Excel to process the data. The results found a positive correlation between the application of modern financial tools and the rate of improvement in the efficiency of PFM in the Egyptian reform program. The study developed a specific model for a deeper understanding of the impacts of MPFM tools on the efficiency of PFM. The model highlighted a strong positive correlation between the successful application of modern PFM tools and the efficiency of PFM and underscored that the availability of the required realtime financial information about governmental revenue and more control over public spending led to achieving financial discipline.

современные инструменты управления государственными финансамиуправление государственными финансамипрограммы финансовых реформразвивающиеся страныЕгипетфинансовая дисциплинаэффективность распределенияоперационная эффективностьmodern public financial management toolspublic financial managementfinancial reform programsdeveloping countriesEgyptfinancial disciplineallocation efficiencyoperational efficiencyАвторы благодарят компанию Editage (www.editage.com) за редактирование английского языка.We would like to thank Editage (www.editage.com) for English language editing.ReferencesPattanayak I., Fainboim S. Treasury single account: An essential tool for government cash management. Washington, DC: International Monetary Fund; 2011. 23 p. URL: https://www.imf.org/external/pubs/ft/tnm/2011/tnm1104.pdfPattanayak I., Fainboim S. Treasury single account: An essential tool for government cash management. Washington, DC: International Monetary Fund; 2011. 23 p. 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The authors declare that there are no conflicts of interest present.