The difference between public and private sector financial management

I have long thought that managing public money is an art rather than a science. I also happen to think that managing public money is harder to do than managing the finances of a private business. That is not to say that private sector financial management is not a complicated, technical thing to do. What I mean is that the complications and technicalities in the public sector are broader and more nuanced.

Whilst creating a new online course with my friends ABMC International, I made a video explaining my reasons for taking the view that public financial management is harder than private financial management. You can watch it here. Whilst you’re there take a moment to subscribe to my YouTube channel because I will post more free videos in the future.