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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 refers to government spending that doesn't provide any value or benefit to the public and
could have been avoided.
Why It Happens:
o Lack of Proper Planning: When a government project is not thoroughly planned,
decisions are made without considering all the necessary details. For instance, if a
school is built without ensuring there are enough teachers or resources, the money
spent on construction is wasted because the school won’t function properly.
o Inadequate Oversight: Spending can become inefficient when there’s no strong
supervision. Oversight ensures that funds are used as intended and that any issues
are quickly addressed.
o Administrative Inefficiencies: Slow processes, bureaucratic hurdles, and poor
coordination between departments often lead to delays or abandoned projects,
wasting money.
o Corruption: Corrupt officials may misuse funds by authorizing unnecessary
purchases or inflating costs, diverting public money for personal gain.
Why It Matters:
o Limited Resources: Governments have a finite amount of money to allocate for
public services such as healthcare, education, and infrastructure. When money is
wasted, it limits the ability to fund critical programs.
o Erosion of Public Trust: Citizens pay taxes with the expectation that the
government will use those funds to benefit society. When they see resources
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