Question Tag: Fiscal Responsibility

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PSAF – May 2021 – L2 – Q5b – Fiscal Policy and Public Finance

Analysis of debt burden through key ratios and explanation of sources for external debt

External debt does not constitute a burden when contracted loans are optimally deployed and the return on investment is sufficient to meet maturing obligations, as and when due, while servicing of the domestic economy is not undermined. The magnitude and severity of debt burden cannot be determined on the basis of debt volume only, rather, the debt volume should be viewed in combination with certain debt ratios for better appreciation of the debt problem.

Required:

Discuss THREE ratios commonly used to analyze the degree of indebtedness of a country and explain TWO sources of external debts.

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PSAF – May 2024 – L2 – SB – Q7 – Public Sector Reforms

Categories of public finance and rationale for public sector involvement in the economy.

Public finance is concerned with the income and expenditure of public authorities and with the adjustment of one to the other. Also, it opines that the subject matter of public finance looks into the financial problems and policies of the government at different levels and studies the inter-governmental financial relations.

Required:
a. Identify and explain FIVE categories of public finance. (7½ Marks)

b. Discuss FIVE rationale for public sector in the economy. (7½ Marks)

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PSAF – Nov 2021 – L2 – Q5b – Public sector fiscal planning and budgeting

Explain the specific responsibilities of the Controller and Accountant General towards covered entities under the Public Financial Management Act 2016 (Act 921).

The Controller and Accountant General is a key public officer responsible for ensuring the custody, safety, and integrity of public funds. In addition, the Controller and Accountant General has a responsibility towards covered entities to ensure effective public financial management across the public sector.

Required:
Explain FIVE (5) specific responsibilities of the Controller and Accountant General towards the covered entities under the Public Financial Management Act 2016 (Act 921).

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PSAF – May 2021 – L2 – Q5b – Fiscal Policy and Public Finance

Analysis of debt burden through key ratios and explanation of sources for external debt

External debt does not constitute a burden when contracted loans are optimally deployed and the return on investment is sufficient to meet maturing obligations, as and when due, while servicing of the domestic economy is not undermined. The magnitude and severity of debt burden cannot be determined on the basis of debt volume only, rather, the debt volume should be viewed in combination with certain debt ratios for better appreciation of the debt problem.

Required:

Discuss THREE ratios commonly used to analyze the degree of indebtedness of a country and explain TWO sources of external debts.

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You're reporting an error for "PSAF – May 2021 – L2 – Q5b – Fiscal Policy and Public Finance"

PSAF – May 2024 – L2 – SB – Q7 – Public Sector Reforms

Categories of public finance and rationale for public sector involvement in the economy.

Public finance is concerned with the income and expenditure of public authorities and with the adjustment of one to the other. Also, it opines that the subject matter of public finance looks into the financial problems and policies of the government at different levels and studies the inter-governmental financial relations.

Required:
a. Identify and explain FIVE categories of public finance. (7½ Marks)

b. Discuss FIVE rationale for public sector in the economy. (7½ Marks)

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PSAF – Nov 2021 – L2 – Q5b – Public sector fiscal planning and budgeting

Explain the specific responsibilities of the Controller and Accountant General towards covered entities under the Public Financial Management Act 2016 (Act 921).

The Controller and Accountant General is a key public officer responsible for ensuring the custody, safety, and integrity of public funds. In addition, the Controller and Accountant General has a responsibility towards covered entities to ensure effective public financial management across the public sector.

Required:
Explain FIVE (5) specific responsibilities of the Controller and Accountant General towards the covered entities under the Public Financial Management Act 2016 (Act 921).

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