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 and Accountability for Spending
Public Money
The effective use of public funds is crucial for achieving public
benefits and maintaining trust in governmental institutions.
Measuring public benefits involves assessing how public
expenditure translates into tangible outcomes and value for
society. Key concepts in this discussion include fruitless and
wasteful expenditure, output and outcomes, and accountability
for outcomes. Here’s a detailed analysis of these elements:
1. Fruitless and Wasteful Expenditure
Definition and Nature: Fruitless and wasteful expenditure
refers to spending that yields no benefit or value to the public,
often due to negligence, mismanagement, or inefficiency. This
category of expenditure undermines the effective use of public
funds and can arise from various causes:
• Poor Planning: Lack of foresight or inadequate planning
leading to unnecessary spending.
, • Mismanagement: Inefficient use of resources or failure to
achieve intended results.
• Fraud and Corruption: Misappropriation or misuse of
funds for personal gain.
Examples:
• Unnecessary Procurement: Purchasing equipment that is
never used or is redundant.
• Contractual Failures: Entering into contracts that are not
fulfilled or delivering subpar results.
• Administrative Inefficiencies: High administrative costs
with little to no benefit to the public.
Measuring Fruitless and Wasteful Expenditure: To measure
this type of expenditure, agencies often:
• Conduct Audits: Regular financial and performance audits
to identify wasteful practices.
• Review Reports: Analyze expenditure reports and project
evaluations.
• Assess Compliance: Ensure adherence to regulations and
standards.
2. Output and Outcomes
Output: Output refers to the immediate products or services
delivered by public expenditure. It is a measure of the quantity
and quality of services or goods produced. Outputs are typically
easier to measure and include:
• Services Delivered: Number of people served, facilities
provided, or programs initiated.
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