scholarly journals METHODS AND WAYS OF ASSESSMENT OF LOSSES FROM CORRUPTION THEFT IN PUBLIC SECTOR OF ECONOMY

2019 ◽  
pp. 131-141 ◽  
Author(s):  
Sergei Aleksandrovich Konovalenko ◽  
Georgy Ismaylovich Harada ◽  
Nazirkhan Gadzhievich Gadzhiev
Keyword(s):  
Public Sector ◽  
Political Development ◽  
Negative Impact ◽  
The State ◽  
Public Funds ◽  
Public Companies ◽  
Financial Flows ◽  
The Public ◽  
Goods And Services ◽  
The Government

Implementation of the decisions made in the course of management of economic and socio-political development of the state causes the adequate financial flows forming the budgetary sphere of the state. The trouble in this sphere does not allow to provide the necessary level of economic growth, hampers reforming of the economy, makes negative impact on commercial and foreign economic activity, interferes with improvement of monetary and credit, tax, insurance and other spheres of the financial system of the Russian Federation. The offenses connected with corruption and theft of budget funds committed by officials at various levels significantly undermine the authority of the government, cause a growth of discontent of society and impact the social and economic situation in the country. The practice of identifying the offenses connected with theft of public funds and property shows that practically all spheres of the public sector of economy are, to a greater or lesser extent, subject to the risks of such crimes commitment. In this regard, a research of methods and ways of assessment of corruption theft amount in the public sector of the economy is an important and hot topic. The main types of public funds theft have been analyzed, including theft of budget funds allocated in the form of grants for targeted measures; theft by overcharging the prices of goods and services used for the state needs; the acquisition of inventory for personal use of the heads of public companies at the expense of the company, etc. The dynamics of the amount of budget crimes in the Ryazan region has been analyzed. It was inferred that corruption crimes in the public sector of the Ryazan region include fraud, abuse of power, abuse of authority, illegal participation in business, as well as taking bribes. A set of measures for preventing the above crimes has been proposed.

scholarly journals A Pervasive Economic Fallacy in Assessing the Cost of Public Funds

2021 ◽  
Author(s):  
Marcel Boyer
Keyword(s):  
Public Sector ◽  
Private Sector ◽  
Interest Rates ◽  
Government Support ◽  
Support Programs ◽  
Public Funds ◽  
The Public ◽  
Goods And Services ◽  
The Government ◽  
The Cost

In the assessment of the cost of public funds, there is a pervasive economic fallacy that is frequently repeated in public policy circles: because the cost of borrowing is higher for a private-sector firm than it is for a public-sector firm, the cost of carrying out an activity (investment, production, distribution, provision of goods and services, and borrowing) will necessarily be lower ceteris paribus in the public sector than in the private sector. The statement is erroneous because part of the government’s cost of borrowing, namely the risk borne by citizens, customers, and taxpayers, is hidden from the casual observer of market interest rates or yields. The all-inclusive borrowing cost, more generally the all-inclusive cost of capital, is the same for both the public and the private sectors. I discuss four specific real cases in which the error is present: the Quebec Generations Fund, the Québec CDPQ Infra–Réseu express métropolitain project, the Infrastructure Ontario methodology to assess the riskiness of costs, and the BC Hydro Site C hydroelectric megaproject. I also discuss a general fifth case, namely government support programs for businesses (grants, loans, guarantees, subsidies, etc.), which are generally justified on the fallacious claim that the cost of financing is lower for the government than for the private sector. I propose an auction process by which the true cost of business support programs could be made transparent. I conclude with an appeal for a more rigorous use and management of public funds because miscalculation, misinformation, mismanagement, and fallacious analysis will eventually backfire.

Theoretical Application of Public Sector Planning and Budgeting

2018 ◽  
pp. 248-279
Author(s):  
Caroline E. Covell
Keyword(s):  
Public Sector ◽  
Social Exclusion ◽  
Negative Impact ◽  
Holistic Approach ◽  
Government Structure ◽  
The Public ◽  
Scientific Analysis ◽  
The Government ◽  
Theoretical Application ◽  
The Impact

The corporatization of the government has resulted in the change of the government structure and it has a negative impact on the fiscal budgeting. This change has also resulted in the equalization and generalization of the public-sector finance to private-sector finance. The impact is the disappearance of sources of funds and the adoption of the four-legged horse budget apocalypse and the categorical funding. This adoption has resulted in economic marginalization, social exclusion, massive corruption, and non-sustainability. A sustainable fiscal budget design requires the application of theory on practice and a holistic approach through the organizational structure and the timeframe of each jurisdiction, based on factual evidence and scientific analysis.

scholarly journals Optimal Taxation in the Solow-Uzawa Growth Model with Public Goods

2020 ◽  
Vol 10 (3(S)) ◽  
pp. 1-11
Author(s):  
Wei-Bin Zhang
Keyword(s):  
Public Sector ◽  
Growth Model ◽  
Capital Accumulation ◽  
Optimal Taxation ◽  
Tax Rates ◽  
The Public ◽  
Model Studies ◽  
Goods And Services ◽  
The Government ◽  
Parameter Values

This paper makes an original contribution to the literature of optimal taxation by introducing Ramseytaxation to the Solow-Uzawa growth model to examine genuine dynamic interdependence between growth andoptimal taxation. We introduce a public sector to the Uzawa two-sector growth model. The public sector suppliespublic goods and services. The government financially supports by the public sector by collecting taxes on thehousehold’s wage income and wealth income under the assumption that the utility level is maximized. We derivethe optimal taxation rule and construct the dynamics of the national economy. The model studies a nonlineardynamics between national and sectoral growth, economic structural change, wealth/capital accumulation, andoptimal tax rates in perfect competitive markets with the government intervention. The model has a uniquestable equilibrium point with the chosen parameter values. We carry out comparative dynamic analysis toanalyze effects of exogenous changes in a few parameters on the transitional process and long-term economicstructure of the economic dynamics.

scholarly journals EVALUATION OF EFFICIENCY IN THE PUBLIC SECTOR

2016 ◽  
Vol 4 ◽  
pp. 463
Author(s):  
Ērika Žubule ◽  
Lūcija Kavale
Keyword(s):  
Public Sector ◽  
Performance Indicators ◽  
Financial Management ◽  
Systematic Approach ◽  
The State ◽  
Financial Policy ◽  
Government Budget ◽  
The Public ◽  
State Administration ◽  
The Government

The paper is focused on the efficiency of government activities and possibilities of evaluating it. Nowadays an appropriate use of public finances is an urgent problem of financial management of the state. Therefore, a special emphasis is put on the necessity to evaluate the results of activities of the public sector. These results have become an important element of the public financial system oriented towards results, as they form a stable base for planning and evaluating government budget resources. Being unaware of results, it is impossible to estimate if the aims and tasks set by the government financial policy are real and appropriate to the current situation and financial resources. Therefore a systematic approach to the evaluation of activities of the state administration is necessary. It can be done with the help of the system of efficiency indicators.Existing views on efficiency evaluation options for the public sector in economic literature are summarized, related issues are highlighted and trends in the improvement of the performance indicators system are identified in the research.

The corporate component of the public sector of the Russian economy: structure, assessment parameters, characteristics

2021 ◽  
pp. 181-191
Author(s):  
Andrey N. Khimchenko ◽  
Anastasiia M. Plaksina
Keyword(s):  
Public Sector ◽  
Russian Federation ◽  
Developed Countries ◽  
Complete Characterization ◽  
The State ◽  
Federal State ◽  
The Public ◽  
The Russian Federation ◽  
The Government ◽  
Legal Forms

The article systematizes the organizational and legal forms of legal entities of financial and non-financial corporations under the control of the state in the Russian Federation, which made it possible to outline the boundaries of the corporate component of the public sector of the economy. A system of indicators for quantitative measurement of this segment of the national economy is proposed. The most important indicators of the financial and economic activities of federal joint-stock companies (JSC) and federal state unitary enterprises (FSUE) are highlighted, data on which are presented on the website of the Federal State Statistics Service. The analysis of the dynamics of the number of federal JSCs and FSUEs in 2016-2020 was carried out, as a result of which a tendency towards a decrease in their number in Russia was revealed. An assessment of the share of profitable federal joint-stock companies and federal state unitary enterprises for each type of activity is given in comparison with this indicator on average in Russia. The dynamics of the profit received by federal JSCs and FSUEs and the share in the total volume of profits in the Russian Federation in 2018-2019 were also investigated. It was revealed that in Russia the municipal level in most information sources on the functioning of the state sector of the economy is not covered by statistical observation. It is noted that the work of the Analytical Center under the Government of the Russian Federation helps to compose the idea of ​​the activities of unitary enterprises at all three levels of government. At the same time, the available information base makes it possible to characterize the activities of only joint-stock companies of the federal level. In this regard, for a more complete characterization of the scale of the corporate component of the public sector of the economy, it is proposed to analyze the share of the largest companies with state participation (KSU) in the country’s aggregate economic indicators, information about which is provided by various rating agencies. It has been proved that in terms of capitalization of KSUs and the number of employed in them, Russia is ahead of many developed countries. This allows us to conclude that the Russian public sector is being built on the basis of a “corporate model”.

Monitoring and Evaluation Leadership Through Technology

2019 ◽  
pp. 121-144
Author(s):  
Paul Kariuki
Keyword(s):  
Public Sector ◽  
Digital Literacy ◽  
Monitoring And Evaluation ◽  
Public Servants ◽  
The Public ◽  
Fast Tracking ◽  
Goods And Services ◽  
Use Of Technology ◽  
Basic Services ◽  
The Government

Globally, governments are investing considerably in technology in the public sector. This intense investment in the use of technology is primarily aimed at enhancing public sector effectiveness and efficiency in delivering public goods and services. South Africa is fast-tracking the assimilation of technology in its service delivery mechanisms. However, despite the enormous investment, delivery of basic services is still dissatisfactory. Certainly, monitoring and evaluation use of technology has not also improved results as expected due to a range of challenges, ranging from varying digital literacy capacities of public servants tasked with monitoring and evaluation responsibilities, uncoordinated data flow from the various government units, as well as uneven application government policy where the use of technology for monitoring and evaluation is concerned. The chapter argues that there is a need for the government to revisit its strategy concerning the use of technology in the public sector and specifically in monitoring and evaluation.

scholarly journals TRUST AND EFFICIENCY OF THE PUBLIC SECTOR: THEORETICAL ASPECTS OF INTERRELATION

2021 ◽  
Keyword(s):  
Public Sector ◽  
Economic Efficiency ◽  
Public Services ◽  
Life Experience ◽  
Objective Assessment ◽  
Subjective Assessment ◽  
The State ◽  
The Public ◽  
The Government

The issue of trust in government and its efficiency has been a controversial and much-disputed subject within economics, sociology, and public sector management. This study presents a systematic literature review of trust research undertaken with regard to government, its performance (efficiency), and the quality of public services. Theoretical and methodological principles of the interrelations between trust and efficiency of the public sector of the economy are analyzed and deepened, based on the fundamental provisions of the theories of micro- and macro-efficiency. The article considers the concept of trust in the public sector of the economy as one of the main intangible resources that can be used by the state in order to achieve socially and economically beneficial as well as public valuable outcomes. The duplex relationship between trust and efficiency of the public sector is proved, according to which trust is both a condition and a result of the government institutions functioning and services providing. Generalization of key characteristics of the main indicators of state efficiency within the concepts of micro- and macro-efficiency allowed identifying several groups of indicators based on subjective and objective assessment of economic efficiency of the state. Objective indicators that determine the economic development of the country, which is the basis of the quality of citizens’ life, and forms the level of their satisfaction and trust in the state and its institutions, include monetary indicators of macroeconomic efficiency of the state and indicators that characterize public finance and income inequality in the country. Subjective assessment of the economic efficiency of the state, the work of its institutions and the quality of public services includes sociological surveys and quantitative indicators based on self-assessment by economic agents based on their own beliefs, knowledge, life values and worldview, cultural, ethnic, religious, ideological norms, as well as previously accumulated personal life experience of intercommunion with state institutions.

scholarly journals The role of top managers’ support in financial accounting information transparency in Vietnam’s public sector

2020 ◽  
Vol 4 (1) ◽  
pp. First
Author(s):  
Vo Van Nhi ◽  
Dau Thi Kim Thoa
Keyword(s):  
Public Sector ◽  
Accounting Information ◽  
Financial Information ◽  
Financial Accounting ◽  
Public Companies ◽  
Information Transparency ◽  
The Public ◽  
Top Managers ◽  
The Government ◽  
And Function

The Vietnamese economy has been strongly integrating with the world economy. As a result, the requirement to provide transparent financial accounting information has been putting considerable pressure on the public sector. Moreover, as the Government is promoting self-sufficiency in the public sector to reduce the burden on the governmental budget, top managers are the main decision-makers to the organizational, personnel, operational and financial issues in their companies. Therefore, the support of top managers can significantly affect the improvement of financial information transparency in the public sector. The research model takes the form of SEM and is evaluated using PLS-SEM methodology on the Smart PLS 3.2.7 software. The results from analyzing data from 164 Vietnam’s public companies confirm that the support of top managers has a direct impact on the accounting information system as observed from intermediate variables that reflect the relationship between top managers’ support and financial information transparency, namely chief accountant’s expertise, the availability and function of the hardware, software and the communication technology network.

scholarly journals ANALISIS ANGGARAN PENGADAAN BARANG DAN JASA TERHADAP PENCAIRAN ANGGARAN PADA SEKOLAH MENENGAH KEJURUAN SMTI PADANG

2018 ◽  
Author(s):  
Imron Hasan ◽  
Febryandhie Ananda
Keyword(s):  
High School ◽  
Capital Expenditure ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
The State ◽  
Vocational High School ◽  
State Budget ◽  
The Public ◽  
Goods And Services ◽  
The Government

The structure of the State Revenue and Expenditure Budget is the supportive government spending in the development of community welfare reflected in capital expenditure or disbursement of the budget. The realization of the budget in the country has always been an issue that happens every year. Efforts have been made to optimize the realization of the state budget, but the facts show that no significant change has been made regarding the realization of the budget. To drive the acceleration of budget realization, the government has prepared several strategic steps that is the acceleration of procurement of goods. Procurement of goods and services at Vocational High School SMTI Padang is the main duty of the existence of agency not to produce goods aimed at profit oriented, but rather provide services to the public that is educational facilities.This research aims to analyze the effect of budget procurement of goods on the realization of disbursement of Vocational High School SMTI Padang. Sources of data used in this research is secondary data The research method used is a quantitative method with a simple linear regression analysis. In this research using independent variables (X) that is the procurement of goods and the dependent variable (Y) is the realization of disbursement and absorption of the budget. there is a significant influence between the procurement budget of goods on the realization of budget disbursement in Vocational High School SMTI Padang, which means that the increasing budget realization of procurement of goods will be followed by the increase of budget realization, it is shown from t test result obtained t count 31,872 with value significance of 0.000<0.05.

E-Government : an exploratory study of online government procurement

2008 ◽  
Vol 5 (2) ◽  
pp. 15
Author(s):  
Maniam Kaliannan
Keyword(s):  
Public Sector ◽  
Empirical Investigation ◽  
Government Procurement ◽  
Management Tool ◽  
Government Service ◽  
The Public ◽  
Organizational Perspective ◽  
Effective Manner ◽  
The Government ◽  
Government Level

The quest to improve the government service delivery is becoming an important agenda for most governments. The introduction oflCT in the public sector especially E-Government initiatives opens up a new chapter in the government administration throughout the world. Governments have deployed ICT to serve their citizens in an efficient and effective manner. This paper presents an empirical investigation of Malaysian government's e-Procurement initiative (locally known as e-Perolehan). The aim of the paper is to examine factors that influence the current and future use of the system within the supplier community. These factors are grouped in three perspectives, (i) organizational perspective; (ii) technological perspective; and (Hi) environmental perspective. The general consensus amongst both the buyer and seller communities is that e-procurement will become an important management tool to enhance the performance of supply chain especially in the public sector. However, before this occurs, the findings suggest that several issues must be addressed by the relevant authorities in light of the three perspectives as mentioned above, to improve the procurement process at the federal government level.

Sign in / Sign up

Export Citation Format

Share Document