Explain medium term expenditure framework, Financial Management

Assignment Help:

Question 1:

The various criteria for evaluating a revenue measure or system are:

? Yield
? Political expediency
? Consistency with economic and social goals
? Equity

Required:

(a) Give a full explanation of each criteria.

(b) What is your favourite revenue measure? Why?

Question 2:

‘The budgeting process in low income countries tends to reflect historical trends rather than current priorities. The Medium Term Expenditure Framework (MTEF) is intended to overcome this.'

Required:

(a) Describe how the ‘Medium Term Expenditure Framework' is different to the current system of expenditure management in Mauritius.

(b) Show the factors that may make the implementation of MTEF difficult?

Related Discussions:- Explain medium term expenditure framework

Macro-economic analysis, Macro-Economic Analysis Measuring the Level o...

Macro-Economic Analysis Measuring the Level of Economic Activity Gross National Product (GNP) and the Gross Domestic Product (GDP) are the two most widely used aggregates

Explain do mergers result in layoffs, Do mergers result in layoffs? Whole...

Do mergers result in layoffs? Whole employment in the banking industry in fact has increased slightly over the last ten years. A few mergers do result in layoffs. Though, many ba

Use of beta to partition risk, Use of Beta to Partition Risk The total ...

Use of Beta to Partition Risk The total risk or variability in earnings can be attributed to two classes of factors: Marketwide factors which create variability in all

Parties to mutual fund trust, Parties to Mutual Fund Trust As is common...

Parties to Mutual Fund Trust As is common to any trust covered under the Indian Trust Act, the parties involved in a mutual fund trust are the sponsor or settler, the trustees,

Calculate average amount of working capital required, X & Y is desirous to ...

X & Y is desirous to purchase a business and has consulted you, and one point on which you are asked to advice them, is the average amount of working capital which will be required

Default risk, Default risk is the risk that arises when the iss...

Default risk is the risk that arises when the issuer is not able to satisfy the terms and conditions of the obligation with respect to timely pa

Management of Financial Institution, 1. Why do the banks borrow funds, besi...

1. Why do the banks borrow funds, besides accepting deposits? Discuss in detail the various sources from where banks can borrow funds within India.

risk associated with working capital, w risk associated with working capit...

w risk associated with working capital

Define where security returns are found less correlated, Security returns a...

Security returns are found to be less correlated across countries than within a country. Why can this be? Answer: Security returns are less correlated possibly because countries

Duration and convexity of mortgage backed security, Duration an...

Duration and Convexity of MBS A graph decpicting the price of the security under study and the interest rates helps in assessing the duratio

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages