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RESEARCH PRODUCT

Causes of Public Expenditure Inefficiency and Proposals for Their Streamlining

subject

description

The public sector has continually developed, as new needs of the population have been identified and the expectations of the population regarding the quantity and the quality of the provided services have already been rising. Unlike private management, the public administration has not always been concerned with the way results have been achieved, but, particularly with the results themselves, and, as long as these have been satisfying for the population, the resources employed for obtaining the results were of no much concern. The public administration monopoly in the provision of some services has led to the possibility of generating imbalances between the quality of the provided services, the financial resources employed, and the degree of satisfaction expected by the beneficiaries of these services. This is a matter of public expenditure inefficiency and, identifying solutions to counteract it and make it more efficient is a top priority. So, the transparent management of public actions has the effect of reducing corruption, bureaucracy, generating the economic growth that the society expects.