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Financial Sustainability

  • Living reference work entry
  • First Online:
Global Encyclopedia of Public Administration, Public Policy, and Governance

Synonyms

Financial performance; Sustainability

Related Terms of this Encyclopedia

Accounting for Public Debt and Deficit; Budgeting for Austerity; Local Governments Debt

The Definition of Financial Sustainability

Financial sustainability is understood as the ability of public administrations to continue now and in the future current policies without causing the debt to rise continuously.

Introduction: The Sustainability Problem

“Sustainability” is a complex term (Aras and Crowther 2009) that comprises three main dimensions: environmental, social, and economic categories (GRI 2013). Nonetheless, the international situation of financial crisis has led to financial sustainability to become a key concept in public administration (Afonso and Jalles 2015), even more important than the other dimensions for public sector management (Afonso and Jalles 2015; Rodríguez Bolívar et al. 2014).

Indeed, the economic crisis has undermined the capacity of governments to continue provided public...

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Authors and Affiliations

  1. University of Granada, Granada, Spain

    Manuel Pedro Rodríguez Bolívar

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  1. Manuel Pedro Rodríguez Bolívar
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Correspondence to Manuel Pedro Rodríguez Bolívar .

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Editors and Affiliations

  1. Florida Atlantic University, Boca Raton, Florida, USA

    Ali Farazmand

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Rodríguez Bolívar, M.P. (2016). Financial Sustainability. In: Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-31816-5_2288-1

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  • DOI: https://doi.org/10.1007/978-3-319-31816-5_2288-1

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  • Online ISBN: 978-3-319-31816-5

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