Managing Public Money. 1 377 public money management. Evaluate and understand budgets in the public sector.
When referring to management the authors refer to actions on the level of the legislature and when exploring money they call it petty cash. Demonstrate and understand incremental budgeting and zero based budgeting. Explain and appreciate the important of value for money and ways in which public.
1 377 public money management.
Much of what managing public money requires is just good common sense or sound financial management. W new from pearson authors. It is important that public money is well managed because citizens rely on their governments to provide a wide range of public services education healthcare justice safety transportation infrastructure and on and on from an inevitably limited budget. Public money means all money received by the government and by budgetary bodies including the proceeds of all loans raised grants received money collected for specific purposes and retained in separate accounts by law and any other money that the minister of finance determines as public money but not money held in trust or custody on behalf of non government parties or money received by state enterprises.
