Inadequate management of government finances


  • Inefficient management of government financial resources
  • Inadequate mobilization of domestic financial resources
  • Mismanagement of government financial expenditures
  • Ineffective control of government finances
  • Financial scandal

Incidence

In the case of the USA, inadequate controls in programmes that lend money or guarantee loans made by others were reported in 1989 as leading to losses of $100 billion. Losses of $5,000 billion in federal insurance and credit assistance would also be added to previous losses $200 billion in connection with insolvency in savings and loan institutions.


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