How do you evaluate public expenditure?
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There are a few different ways to evaluate public expenditure. One way is to look at the cost-effectiveness of the expenditure, which involves comparing the costs of a particular program or project to the benefits it provides. This can help determine whether the expenditure is worth the money and whether it is achieving its intended goals. Another way to evaluate public expenditure is to look at the impact it has on the economy. For example, public spending on infrastructure can help stimulate economic growth by creating jobs and increasing productivity. It can also help improve the quality of life for people in a community by providing access to essential services like education and healthcare. Finally, public expenditure can be evaluated by looking at its distributional effects, which involve examining how the benefits of the expenditure are distributed among different groups in society. This can help identify any potential inequalities and ensure that public money is being spent in a way that is fair and equitable.