The theoretical foundations of financial management in the public sector of economy in the transition to budgeting focused on the result are considered. It is established that in the context of deepening market reforms, efficiency of public sector depends not on the size of the state property, but on the efficiency of public finance management.

Keywords: financial management in the public sector, public enterprise in Kazakhstan, the functions of public finance.

DOI: http://dx.doi.org/10.17721/1728-2667.2013/150-9/3

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