The Concept of Cost Consciousness in the Management of Public Funds

The Concept of Cost Consciousness in the Management of Public Funds

Cost consciousness in the management of public funds, therefore, relates to attitude to wards economy and reasonableness of public expenditure within a given budgets on a plan of action over a period of time to provide maximum benefits. Prudence and economy in the utilization of public funds are always very essential, and management assumes responsibility for this, this responsibility is accomplished by deploying resources to the proper arrangement for a given objective an mapped out goals. [Read more…]