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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
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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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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.
1. Fruitless and Wasteful Expenditure (FWE)
This term represents a critical issue in public finance management, as it leads to a direct loss of
resources without benefiting the public.
Why It Happens:
o Poor Planning: Government projects sometimes lack thorough planning, leading
to decisions that are made without considering all variables. For example, if a
school is built without assessing whether there are enough teachers available to
staff it, the money used for construction is wasted, as the school cannot fulfill its
purpose.
o Lack of Oversight: Inefficiencies arise when there is no strong supervision to
ensure that resources are used properly. Oversight is needed to ensure public
funds are spent as intended.
o Bureaucratic Inefficiencies: Red tape, slow decision-making processes, and poor
coordination between government agencies often delay or derail projects, leading
to waste.
o Corruption: Corruption diverts resources from public projects to private pockets.
Corrupt officials might approve unnecessary purchases or overprice goods and
services for personal gain.
Why It Matters:
o Limited Resources: Governments have a limited budget, which must be stretched
to meet the needs of healthcare, education, infrastructure, etc. When money is
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