Legislative and legal frameworks for the protection of public funds

Abstract

The legal protection of public funds is a fundamental utilitarian principle that contributes to safeguarding the national economy and ensuring the state's financial stability. Legislation in this area seeks to establish a comprehensive protective framework aimed at preventing any encroachment upon, or misuse of, public-sector assets and resources. This research examines the legislative provisions that impose criminal and administrative penalties—serving as a deterrent—against the embezzlement or squandering of public property. It further discusses the implications of the distinction between public and private funds. Additionally, the research addresses modern challenges posed by contemporary financial crimes, which necessitate the regular updating of the legislative framework. It provides a thorough assessment of the effectiveness of existing laws in deterring offenders and enhancing mechanisms for integrity and transparency. Ultimately, the research aims to propose legislative solutions that strengthen the preservation of public resources, bolster accountability frameworks, and protect public property from any form of violation.