Financial Control in the Lebanese Public Sector and Employees Performance

Financial control is the process that includes procedures designed to protect the assets of any entity and ensure that all financial transactions are accurately recorded, thereby deterring and reducing mistakes and fraud. Financial control aims to provide a framework that guides the allocation of resources in a well-managed and efficient manner (Note 1).This study aims to determine the extent of existence of financial control in the Lebanese public sector, to analyze the performance of financial control institutions and financial employees, especially in light of the increasing sectarian and political interferences that affect the reliable work of audit institutions.This study is conducted to explain the concept of financial control and the concept of the public sector, the importance of financial control in the public sector since the public sector administrations and institutions are responsible for the well expenditure of public resources in the form of services to citizens, so, in result, maintaining the economic growth of a country.In Lebanon, lots of problems continue to aggravate in Lebanese public administrations prior to the civil war, 1975 till now, due to the sectarian and political hassles that gnaw at the public sector work and affect the reliable work of public administrations and institutions that resulting in financial corruption (Note 2).