PUB3705 Assignment 3 (COMPLETE ANSWERS) Semester 2 2024 (526898) - DUE 13 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. Ensure your success with us..
PUB3705 Assignment 3 (COMPLETE ANSWERS) Semester 2 2024 (526898) - DUE 13 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. Ensure your success with us..
PUB3705 Assignment 3 (COMPLETE ANSWERS) Semester 2 2024 (526898) - DUE 13 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. Ensure your success with us..
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Public Financial Administration and Management
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, PUB3705 Assignment 3 (COMPLETE ANSWERS) Semester
2 2024 (526898) - DUE 13 September 2024 ; 100%
TRUSTED Complete, trusted solutions and explanations.
Discuss the measuring of public benefits as it relates to the
spending of public money in detail. In your discussion focus on
fruitless and wasteful expenditure, output and outcomes and
accountability for outcomes.
Measuring Public Benefits in Relation to Public Spending
Public spending is a crucial aspect of government finance,
aiming to deliver various benefits to society. Effectively
measuring public benefits is vital to ensure that public money is
spent efficiently and achieves the desired outcomes. This
involves scrutinizing issues like fruitless and wasteful
expenditure, understanding outputs and outcomes, and ensuring
accountability for these outcomes. Here’s a detailed discussion
of these aspects:
1. Fruitless and Wasteful Expenditure
Definition and Scope:
• Fruitless and Wasteful Expenditure: This refers to public
spending that is deemed inefficient and fails to achieve the
intended benefits. It includes money spent without any
valuable outcome or where the expenditure could have
been avoided.
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