ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Ethical Dimensions of Public Expenditure Management

Although there are no standards, there are generally accepted ethical principles. Experience shows that their non-observance may have contributed to policy distortions, uneconomic practices, consolidation of the unaccountable bureaucratic state and to continuing fiscal crises in many governments. The achievement of the goal of a civic society requires the formulation and observance of an ethical code on the part of the government and the development of adequate management tools that facilitate this monumental task. Recent efforts by international financial institutions (IFIs) in this direction do not address these issues and even if their recommendations are implemented in full, there would be no relief from the original sins. The first part of the paper explains the nature of the sins and the second considers the alternatives proposed and their viability.

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