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Monday, July 27, 2020 | History

3 edition of The management of public expenditures found in the catalog.

The management of public expenditures

Robert Lacey

The management of public expenditures

an evolving bank approach

by Robert Lacey

  • 31 Want to read
  • 14 Currently reading

Published by Office of the Vice President, Development Economics, World Bank in Washington, DC .
Written in English

    Places:
  • Developing countries,
  • Developing countries.
    • Subjects:
    • Government spending policy -- Developing countries.,
    • Developing countries -- Appropriations and expenditures.

    • Edition Notes

      StatementRobert Lacey.
      SeriesPolicy, planning, and research working papers ;, WPS 46
      Classifications
      LC ClassificationsHJ7980 .L33 1989
      The Physical Object
      Pagination6, 39, [37] p. ;
      Number of Pages39
      ID Numbers
      Open LibraryOL2249714M
      LC Control Number89125735

        Public expenditure is spending made by the government of a country on collective needs and wants such as pension, provision, infrastructure, etc. Throughout the 19th Century, most governments followed laissez faire economic policies & their functions were only restricted to defending aggression & maintaining law & size of pubic expenditure was very now the expenditure . management, revenue management and expenditure management are central in managing public finances. The budget becomes fundamental in financing government programmes and service delivery in general. The functioning of any government depends on proper revenue and expenditure p.

      financial management system and undermine trust in a government’s stewardship of public resources. While the institutional arrangements for raising government revenue are typically quite centralized in a national revenue authority, the expenditure of those resources involves a wide array of public entities. Public expenditure management has been in existence, in one form or other, for more than two millennia, although the terms of usage, in their present form, came into being only toward the end of the twentieth century, and their usage was extensively promoted by governments and international agencies alike to emphasize the growing importance of public expenditures, .

      PEM Public Expenditure Management PER Public Expenditure Review PETS Public Expenditure Tracking Survey PFM Public Financial Management PIP Public Investment Planning PREM Poverty Reduction and Economic Management (school books, medicines). The Ministry of Finance manages the flow of funds and monitors and. Our approach further ties together the fields of public financial management and public management (Kioko et al. ; Jimenez b). Finally, the analysis serves as a .


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The management of public expenditures by Robert Lacey Download PDF EPUB FB2

The book covers all aspects of public expenditure management from the preparation of the budget to the execution, control and audit stages.

It is intended to be a practical, operational guide to help countries that are designing and implementing new laws and procedures relating to public expenditure management. For each aspect of public expenditure management, the guidelines identify separately the differing practices in four groups of countries the francophone systems, the Commonwealth systems, Latin America, and those in the transition economies.

This publication is intended for a general fiscal, or a general budget, advisor interested in the. and the amplitude of public resources.

But even in rich countries, the less robust economic growth of the past two decades has revealed entrenched shortcomings in the management of public expenditure. Many developed countries have experienced chronic deficits, a significant rise in public expenditure as a proportion of the.

In general, Public Expenditure Management (PEM) tends to promote the achievement of three outcomes, namely, aggregate fiscal discipline, allocative efficiency, and operational efficiency.

Aggregate fiscal discipline refers to the alignment of public expenditures with total revenues (domestic revenues plus a sustainable level of foreign borrowing); roughly speaking, it means. The current state of public finances represents one of the key economic issues.

Addressing public finance problems requires a reform of the system of budgeting and management of public expenditure. A key feature of a professional and credible public service is transparent and accountable financial management.

In a rapidly changing and often challenging public sector environment, public servants are seeking new and creative approaches to enhance the efficiency and effectiveness of their work.

Managing Public Expenditure presents a comprehensive and in-depth analysis of all aspects of public expenditure management from the preparation of the budget to the execution, control and audit stages.

The book will be of general interest but is focused particularly on the needs of countries in transition, especially those in Central and Eastern Europe that seek to become. public expenditure management, much of it elaborating on and updating material in the handbook, can be found on the Bank’s internal public expenditure web site.

This web site will be regularly updated and it is intended to make it publicly available in the near future. This book remains a highly relevant, comprehensive introductory textbook to public financial management. It covers all aspects of public expenditure management, from the preparation of the budget to the execution, control and audit stages.

It. Chapter 1. AN OVERVIEW OF PUBLIC EXPENDITURE MANAGEMENT This chapter has two objectives. First, it places public expenditure management (PEM) in the broader context of the role of the state, good governance, macroeconomic policy, and the changing environment (especially in information and communication technology).

To view. Additional Physical Format: Online version: Else, P.K. Management of public expenditure. London: Policy Studies Institute, (OCoLC) Document Type.

Public expenditure is spending made by the government of a country on collective needs and wants such as pension, provisions (such as education, healthcare and housing), security, infrastructure, etc.

Until the 19th century, public expenditure was limited as laissez faire philosophies believed that money left in private hands could bring better returns. ADVERTISEMENTS: Public Expenditure: Causes, Principles and Importance.

Meaning of Public Expenditure: Expenses incurred by the public authorities—central, state and local self- governments—are called public expenditure. Such expenditures are made for the maintenance of the governments as well as for the benefit of the society as whole.

There was a misbelief in. Public expenditure is one of the important subject matters of public finance. Public expenditure studies about the expenditure incurred by an authority or a government.

Today, the scope of public expenditure increased largely since all the economies of the world are focusing on development, growth, welfare, safety etc. Principles of Public Expenditure: The main principles or canons of public expenditure are as follows: (i) The Principle of Maximum Social Advantage: The government expenditure should be incurred in such a way that it should give benefit to the community as a whole.

The aim of the public expenditure is the provision of maximum social advantage. Revenue Has Received More Study than Expenditures. Only recently do we find fiscal students turning serious attention to the problems of public expenditure.

Comparatively little literature can be found dealing with this phase of Public Finance, while volumes have been written on methods for securing revenue. Major changes in the management of public expenditures, all aimed at achieving “progress”, including the public-private partnerships, and their benefits and limitations, are fully delineated, as are the relationships in this sphere between the central and state governments.5/5(1).

Although public expenditure management system varies from one country to another, it necessitates (Campos, Pradhan,p) accomplishing some complicated and de-termined duties. The basic goals (principles) of public expenditure management are ac-complishing macro financial discipline, strategical priorities (productive source alloca.

This book, by A. Premchand, a former Assistant Director of IMF's Fiscal Affairs Department, provides a comprehensive discussion of the expenditure process in public authorities from a management perspective. It covers the various aspects, ranging from budget formulation to the courteous delivery of services to the public.

In each, it considers the critical issues faced in. Public finance is the study of the role of the government in the economy. It is the branch of economics that assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones.

The purview of public finance is considered to be threefold, consisting of. THE subject of government expenditures has not received much or satisfactory attention from economists or students of public finance.

It can hardly be said that he who wishes to study the subject finds the tools of analysis necessary for the interpretation of public expenditure data lying ready to hand. "The tremendous growth of government.Abhishek Kumar, William Joe, in Changing the Indian Economy, Abstract.

Public expenditure is necessary to address the diverse social, economic and regulatory requirements of an economy. The links between public expenditure and economic growth are well recognized. Public expenditure also contributes towards economic growth and social development .Managing Public Expenditure presents a comprehensive and in-depth analysis of all aspects of public expenditure management from the preparation of the.

READ online. Link / Embed. OECD iLibrary. Buy +/-/ Tweet. Managing Public Expenditure A Reference Book for Transition Countries.