Page 23 - ACCA P1 slides 2017-18
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Public Sector Governance
• Public sector organisations are therefore more
concerned with delivering their services efficiently,
effectively and to achieve good value for money.
• Their objectives can therefore be more complex to
develop. This is often depicted as the three E’s:.
-Economy – to deliver the service on time and within budget therefore
delivering value to the taxpayers, as well as those working in them and
those using the service.
-Effectiveness – to deliver the service the organisation was created to
provide, an efficient organisation delivers more for a given level of
resource input than an inefficient one
-Efficiency – gaining an acceptable return on the money invested
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