This book, titled Financial Policy for Public Sector: Understanding Fiscal Federalism and Public Budgeting, aims to provide a comprehensive and accessible guide to the critical topics assembled in the chapters. The book is made up of 8 chapters, and it is designed to serve as a valuable resource for students, scholars, policymakers, and practitioners in the field of financial policy for public sector, public policy in general, and public sector finance. By bridging the gap between theory and practice, our co-authored book aims to equip readers with the knowledge and tools needed to navigate the complexities of fiscal policy and public budgeting effectively. As one embarks on this exploration of financial policy for the public sector, one is expected to gain new perspectives and insights that contribute to a much more informed and effective governance.