Public expenditure This refers to spending by the government. Public expenditure covers the canons or the principles which govern it and its effects on production, employment, income distribution, stability and growth. It also includes reasons for increase in public expenditure and changes in the pattern. 

 

c) Public debt When public revenue falls short of public expenditure, the government borrows to meet the gap. This is the public debt. Therefore public debt includes reasons, methods and sources of public debts, its effects on production, consumption, income distribution and economy, the burden of public debt and methods of debt redemption. 

d) Financial administration The aim of financial administration is to control processes and operations of public revenue, public expenditure and public debt. The scope of financial administration includes the collection, custody and disbursement of public money, the coordination of expenditure according to a well formulated plan, the management of public debt and the general control of the financial operations of the state. It also includes the preparation of the budget, its execution and auditing of the state. 

 

DISTINCTION BETWEEN PUBLIC AND PRIVATE FINANCE 

 

Public finance is the study of income, expenditure, borrowing and financial administration of the government. On the other hand, private finance is the study of income, expenditure, borrowing and financial administration of individual or private companies. 

Similarities and differences between public and private finances 

Similarities 

 

Objective- Both public and private finances aim at the satisfaction of human wants. The objective of public finance is to satisfy social wants and that of private finance to satisfy individual wants. 

QUESTIONS

1.explain the criterion of ensuring data is processed in project management phenomenon

2.explain on Institutional Factors that impact on ICT programs for projects

3.what Pedagogical Factors can be checked into to affect the projects ICT frameworks?

4.explain what are termed as teacher factors in the management of technology linked projects

5. what technological factors break the complexity the process of project management in mass forms?

6. explain on Organizational theories as a concept in the management techniques of projects currently 

7.as in the Human Relation School show some background study on the nature and evolution of project management techniques

8.what were the implications of Schein while analyzing how projects ought to be managed?

9.did Rensis Likert conclusion impact on how ICT projects should be managed?how?

10.explain the Contingency Theory as applied in project management framework