- 8 Marks
PSAF – May 2018 – L2 – Q5d – Financial Statements Discussion and Analysis
Discuss the basis for measuring public sector performance and justify why governments can be assessed at the end of their tenure.
Question
One of the key performance indicators (KPI) in the private sector is to determine the profitability of a business. This is because businesses exist to make a profit. However, in the Public Sector, the objective of governments is to provide public goods and as such, satisfy the needs of the citizens. Citizens are invariably dissatisfied with government performance at the end of its term of office. This is because most of the objectives of government are social in nature and as such, it becomes very difficult to match government revenues and expenditure to determine profit or loss as a basis of measuring its performance.
Required:
Discuss the basis for measuring Public Sector performance and justify why governments can be assessed at the end of their tenure of office.
Find Related Questions by Tags, levels, etc.
- Tags: Economy, Effectiveness, Efficiency, Equity, Public Sector Performance, Value for Money
- Level: Level 2
- Topic: Financial Statements Discussion and Analysis
- Series: MAY 2018