Part Of Government Expenditure Research Articles

Analysis of approaches to measuring the efficiency of public finance in part of government expenditures

The article presents reasoned evidence of the growth of public spending in the world over the past twenty years. Using the example of the government performance index, economic growth (GDP growth rate) and GDP per capita, the absence of a rigid relationship between the amount of government spending and management efficiency is shown. The category of efficiency in public finance is analyzed. The complexity and dubitability of this category is noted. Various approaches to efficiency analysis in economics are outlined. Cost-based, targeted and effective approaches to measuring and analyzing efficiency in public finance in terms of government spending are analyzed. The author's view on approaches to increasing the efficiency of government spending is presented.

Discretionary and mandatory awards

No one needs reminding that we are in a grave economic crisis. The rate of inflation continues to rise, and with it the difficulties of low income groups such as students. As part of the fight against inflation, the Government has attempted severely to restrict local government expenditure and reduce central government spending. As the education budget forms such a large part of government expenditure, especially at local level, education has been particularly affected by present economies. It also had the misfortune to be represented by an agreeable but supine Minister when the crucial decisions were being taken.