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.
ADMIN
[COMPANY NAME]
, 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
Introduction
Measuring public benefits is a critical aspect of evaluating the
effectiveness and efficiency of public spending. Public money
should be used to achieve tangible benefits for society, and
effective measurement of these benefits ensures that resources
are allocated and utilized optimally. Key concepts in this
discussion include fruitless and wasteful expenditure, outputs
and outcomes, and accountability for outcomes.
1. Fruitless and Wasteful Expenditure
Definition and Characteristics
Fruitless and wasteful expenditure refers to spending that yields
no or minimal value and could have been avoided. It often
results from inefficiencies, poor planning, or mismanagement.
Examples include:
• Unnecessary Purchases: Buying goods or services that are
not needed.
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