Digitization of public financial management: Trends and applications in the scientific literature

Authors

DOI:

https://doi.org/10.51252/rcsi.v5i1.897

Keywords:

fiscal transparency, public administration, public management, digital transformation, digital government

Abstract

The digitalization of public financial management has enhanced efficiency, transparency, and control in the administration of state resources. However, the scientific literature on this topic reveals gaps in the analysis of its trends and applications. In this context, the present study aimed to examine the scientific production on the digitalization of public financial management through a bibliometric analysis. To achieve this, 112 scientific articles retrieved from the Scopus database were analyzed. Bibliometric techniques were applied using the Biblioshiny tool to identify annual scientific output, key publication sources, the most productive institutions, and emerging trends in the literature. The results indicated a significant increase in scientific production since 2018, peaking in 2022. Lecture Notes in Networks and Systems was the most prolific source, while the Lobachevsky State University of Nizhny Novgorod and the Rostov State University of Economics led institutional research output. The most frequently occurring keywords were e-government, finance, and digital transformation, reflecting a predominant focus on the technological modernization of the public financial sector. The study concludes that financial digitalization is a growing field, presenting opportunities for further research on its implementation and impact on public sector management.

References

Aria, M., & Cuccurullo, C. (2017). bibliometrix : An R-tool for comprehensive science mapping analysis. Journal of Informetrics, 11(4), 959–975. https://doi.org/10.1016/j.joi.2017.08.007 DOI: https://doi.org/10.1016/j.joi.2017.08.007

Arzumanova, L. (2023). Financial Law in the Era of Digital Economy. In Digital International Relations (pp. 139–148). Springer Nature Singapore. https://doi.org/10.1007/978-981-99-3467-6_10 DOI: https://doi.org/10.1007/978-981-99-3467-6_10

Darmawati, Mediawati, E., & Rasyid, S. (2024). New trends and directions in local government finance research: A bibliometric analysis. Public and Municipal Finance, 13(1), 137–149. https://doi.org/10.21511/pmf.13(1).2024.11 DOI: https://doi.org/10.21511/pmf.13(1).2024.11

Demidova, S., Kulachinskaya, A., Razletovskaia, V., & Svetlichnyy, S. (2024). Development Trends of E-government and Public Finance Management in the Context of Digitalisation (pp. 161–172). https://doi.org/10.1007/978-3-031-49390-4_11 DOI: https://doi.org/10.1007/978-3-031-49390-4_11

El-Manaseer, S. A., Al-Kayid, J. H., Al Khawatreh, A. M., & Shamim, M. (2023). The Impact of Digital Transformation on Combating Tax Evasion (Electronic Billing System as a Model). In Studies in Systems, Decision and Control (pp. 679–690). https://doi.org/10.1007/978-3-031-39158-3_63 DOI: https://doi.org/10.1007/978-3-031-39158-3_63

Gao, X., Cao, L., & Gu, Q. (2024). Assessing the efficiency of China’s national fitness public services: a super-efficiency DEA-Malmquist–Tobit approach. Frontiers in Public Health, 12. https://doi.org/10.3389/fpubh.2024.1433337 DOI: https://doi.org/10.3389/fpubh.2024.1433337

Gąsiorkiewicz, L., & Monkiewicz, J. (2022). Digital Finance and the Future of the Global Financial System. Routledge. https://doi.org/10.4324/9781003264101 DOI: https://doi.org/10.4324/9781003264101

Guo, W. (2024). Contextualizing the Potential of NFTs in Financial Governance of Art Museums. In Financial Management in Museums (pp. 300–313). Routledge. https://doi.org/10.4324/9781003308003-25 DOI: https://doi.org/10.4324/9781003308003-25

Kaparbekov, A., Kambur, O., Rakytska, S., & Yevdokimova, O. (2024). Public finance management reform in the Kyrgyz Republic and Ukraine: Ways to increase transparency and efficiency in the use of budget funds. Scientific Bulletin of Mukachevo State University Series “Economics,” 11(3), 73–85. https://doi.org/10.52566/msu-econ3.2024.73 DOI: https://doi.org/10.52566/msu-econ3.2024.73

Koomson, S. (2024). Contract fulfilment, quality management, ICT adoption, government, and co-worker support: a conceptual framework for student contentment in higher educational institutions. Cogent Business & Management, 11(1). https://doi.org/10.1080/23311975.2024.2333607 DOI: https://doi.org/10.1080/23311975.2024.2333607

Lima, D., Zego, E. P., & Rodrigues, J. (2022). Digital transformation in public finance: a paradigm that has contributed to cabo verde’s growth. Proceedings of the 15th International Conference on Theory and Practice of Electronic Governance, 570–572. https://doi.org/10.1145/3560107.3560198 DOI: https://doi.org/10.1145/3560107.3560198

Lino, A. F., Aquino, A. C. B. de, & Neves, F. R. (2022). Accountants’ postures under compulsory digital transformation imposed by government oversight authorities. Financial Accountability & Management, 38(2), 202–222. https://doi.org/10.1111/faam.12313 DOI: https://doi.org/10.1111/faam.12313

Lino, A. F., Azevedo, R. R. de, & Belote, G. S. (2023). The influence of public sector audit digitalisation on local government budget planning: evidence from Brazil. Journal of Public Budgeting, Accounting & Financial Management, 35(2), 198–218. https://doi.org/10.1108/JPBAFM-05-2022-0090 DOI: https://doi.org/10.1108/JPBAFM-05-2022-0090

Marcus, J. S., Garcia Herrero, A., & Guetta-Jeanrenaud, L. (2024). Promotion of high-capacity broadband in the face of increasing global stress. Telecommunications Policy, 48(1), 102643. https://doi.org/10.1016/j.telpol.2023.102643 DOI: https://doi.org/10.1016/j.telpol.2023.102643

McBurney, M. K., & Novak, P. L. (2002). What is bibliometrics and why should you care? Proceedings. IEEE International Professional Communication Conference, 108–114. https://doi.org/10.1109/IPCC.2002.1049094 DOI: https://doi.org/10.1109/IPCC.2002.1049094

Mink, R. (2022). Official Statistics—A Plaything of Politics? Springer International Publishing. https://doi.org/10.1007/978-3-031-04624-7 DOI: https://doi.org/10.1007/978-3-031-04624-7

Mojaki, L. M., Tuyikeze, T., & Ndlovu, N. K. (2024). Revolution of South African public procurement in the Industry 4.0 era. Journal of Transport and Supply Chain Management, 18. https://doi.org/10.4102/jtscm.v18i0.1079 DOI: https://doi.org/10.4102/jtscm.v18i0.1079

Oliinyk, Y., Kucheriava, M., Korytnyk, L., Dmytrenko, T., Kuzminska, O., & Lagunov, K. (2023). Development of information support for fiscal risk management within crises. Financial and Credit Activity Problems of Theory and Practice, 6(53), 432–450. https://doi.org/10.55643/fcaptp.6.53.2023.4219 DOI: https://doi.org/10.55643/fcaptp.6.53.2023.4219

Szpor, G., Lipowicz, I., & Syrt, A. (2022). Instruments of Public Law. Routledge. https://doi.org/10.4324/9781003263968 DOI: https://doi.org/10.4324/9781003263968

Zhuk, I. (2023). Mechanisms of Public Finance Digitalization and Methods of Implementing in the Public Administration System in Ukraine: European Experience. Economic Affairs, 68(3). https://doi.org/10.46852/0424-2513.3.2023.35 DOI: https://doi.org/10.46852/0424-2513.3.2023.35

Downloads

Published

2025-01-20

How to Cite

Bernales-Vásquez, R. (2025). Digitization of public financial management: Trends and applications in the scientific literature. Revista Científica De Sistemas E Informática, 5(1), e897. https://doi.org/10.51252/rcsi.v5i1.897