Public Budgeting and Finance

Special Issue Editor


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Guest Editor
Baruch College, City University of New York, One Bernard Baruch Way, New York, NY 10010, USA
Interests: public budgeting; financial management

Special Issue Information

Dear Colleagues,

The Journal of Risk and Financial Management invites submissions for a Special Issue dedicated to exploring contemporary issues in public finance and budgeting. This Special Issue aims to address the critical financial management challenges faced by public institutions and governments. We welcome papers that examine a wide range of topics related to public finance and budgeting, including but not limited to the following subjects:

  • Fiscal policy and public expenditure management;
  • Budget process and forecasting;
  • Impact of fiscal decentralization on public services;
  • Public debt management and sustainability;
  • Management of economic and financial risks;
  • State and local finance in the aftermath of the COVID-19 pandemic;
  • Budget transparency and accountability;
  • Public financial management and sustainable development goals;
  • Financial management reforms in developing countries.

Dr. Rahul Pathak
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 250 words) can be sent to the Editorial Office for assessment.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • financial management
  • budgeting
  • public finance
  • budget reform
  • debt management

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Published Papers (1 paper)

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33 pages, 1982 KB  
Systematic Review
Systematic Review of Financial Distress Prediction Models for Municipalities: Key Evaluation Criteria and a Framework for Model Selection
by Nkosinathi Emmanuel Radebe, Bomi Cyril Nomlala and Frank Ranganai Matenda
J. Risk Financial Manag. 2025, 18(11), 624; https://doi.org/10.3390/jrfm18110624 - 7 Nov 2025
Viewed by 1006
Abstract
Municipalities are facing mounting fiscal pressures that contribute to financial distress, often resulting in reduced service delivery and economic instability. Despite extensive research on this topic, there is neither a framework nor established criteria to guide policymakers and practitioners in selecting appropriate models [...] Read more.
Municipalities are facing mounting fiscal pressures that contribute to financial distress, often resulting in reduced service delivery and economic instability. Despite extensive research on this topic, there is neither a framework nor established criteria to guide policymakers and practitioners in selecting appropriate models for financial distress prediction (FDP). This study employs a systematic review approach to identify key criteria for evaluating FDP models and proposes a framework to guide the selection of suitable models. Following PRISMA guidelines, 24 peer-reviewed papers published between 2000 and 2025 were identified through Google Scholar, Web of Science, ScienceDirect, Scopus, EBSCOhost, and ProQuest. The analysis revealed ten key criteria for evaluating FDP models in local government, which were organised into four overarching dimensions: performance, conceptual integrity, practical applicability, and contextual fit. Based on these insights, the study proposes a structured framework that assists practitioners in selecting the most appropriate FDP model. The framework enhances conceptual clarity, synthesises fragmented knowledge, and establishes a foundation for policy-relevant early warning systems to strengthen municipal financial management. Full article
(This article belongs to the Special Issue Public Budgeting and Finance)
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