100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
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..$2.70
Add to cart
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..
All for this textbook (12)
Written for
University of South Africa
PUB3705
All documents for this subject (14)
Seller
Follow
ivymwendwa47820
Reviews received
Content preview
PUB3705
Assignment3
Semester 2
2024) - DUE
13 September
2024
[Type the document subtitle]
[Pick the date]
[Type the company name]
tabbymwesh59@gmail.com
, Exam (elaborations)
PUB3705 Assignment 3 (COMPLETE ANSWERS)
Semester 2 2024 (526898) - DUE 13 September 2024
Course
Public Financial Administration and Management (PUB3705)
Institution
University Of South Africa (Unisa)
Book
Public Finance Administration
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..
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 is a crucial aspect of ensuring that the spending of public money is
effective, efficient, and yields positive outcomes for society. Public funds are derived from taxes,
and their expenditure must demonstrate clear benefits that justify their use. The process of
assessing public benefits involves examining not only the immediate outputs (products or
services delivered) but also the long-term outcomes (the actual impact or changes in society).
Additionally, it is essential to ensure that public funds are used responsibly, minimizing waste
and ensuring accountability.
Key Concepts
1. Fruitless and Wasteful Expenditure
o Definition: According to the South African Public Finance Management Act
(PFMA), fruitless and wasteful expenditure refers to expenses that could have
been avoided and that do not contribute to achieving the intended public benefit.
Essentially, it refers to spending that produces no value or benefit for the public.
o Causes: Fruitless expenditure often arises from poor planning, lack of oversight,
bureaucratic inefficiencies, and corruption. Examples include projects that are
started but never completed, purchasing services that are not needed, or paying for
goods at inflated prices.
o Impact: This type of expenditure drains public resources, reduces the funds
available for essential services (such as healthcare, education, or infrastructure),
and undermines public trust in government. The absence of value from such
spending means that public money does not contribute to improving social or
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ivymwendwa47820. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.70. You're not tied to anything after your purchase.
