Date post: | 13-Apr-2017 |
Category: |
Education |
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Public Expenditures
PUBLIC-
Supported by money from the
government and from the
contributors
rather than
commercial.
EXPENDITURES
- An amount
of money spent
on somethi
ng
•The expenditures of the government are reflected in the national budget which shows the specific programs and projects of the government in one year.
Such expenditures
indicate the emphasis and
direction of the national economy as
well as its needs and problems.
In short, public expenditures mirror the major goals of the government
The National Government expenditures are allocated among the various sectors
such asEconomic
Services
Social service
sDefens
eGeneral Public
Administration
Debt Servic
e
Developing countries, which believe that their peoples constitute the real key to their progress provide the biggest budget for education.
To them, investment in human resources is the best investment. They give top priority to the training and education of their people. A kind of human resources development which is relevant to the needs of their economy and society.
In our case, it has been alleged that we have a colonial education which only benefits the business interests of the Americans.
Public Expenditures have been increasing tremendously as shown in our yearly national budgets. There are causes for such leap in our public expenditures such as inflation, growth of population, increase in the price of oil, and the massive infrastructure projects of the government.
We are a nation of 65 million people. This alone requires huge expenditures on social services like education, health, housing and other social services. Our peace and order problems also need big budget.
EVALUATING PUBLIC EXPENDITURES
To evaluate the efficiency of government programs or projects, we have to
compare their respective benefits and costs. If their benefits are greater than
their costs, such programs or projects are
efficient.
For example, the cost of an irrigation project is P500 million. If it has generated an income of P2 billion for the government in the form of irrigation fees, then it is a very good project. But this is not only the economic benefit but the farmers have also been able to increase their harvests. Evidently, the multiplier effects of farmers’ income from the irrigation have been substantial and extensive.
However, economic profitability is not only the basis of judging whether a project is good or not.In the less developed countries, government programs and projects should be evaluated more on their social impact of the people.If such projects or programs have touched the miserable lives of the masses, then these are excellent programs or projects.
Social justice should be the first priority in estimating the
benefits of government
expenditures.Programs which are highly profitable but benefit only very few
are not appropriate in a country where most
people are poor.A government should provide more funds to programs and projects which are principally
designed to improve the social and economic
conditions of the poor masses.
Because the people are the real foundations of economic, social and political stability.