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M-Macbeth Method Versus Traditional Scoring Method Used In The Optimization Of Public Expenditure Management

Author

Listed:
  • Marcel Ioan Boloş

    (University of Oradea)

  • Cristian Ioan Otgon

    (University of Oradea)

  • Tudor Victor Orţan

    (University of Oradea)

Abstract

The science of public finances has an arsenal of methods, techniques and procedures which on long term allow it to act by eliminating waste and losses from the complex mechanism of public finances. An important component of this mechanism is engaging the public expenditure, through which the grant of financial resources from the public budget are sized. Both the practice of purchasing products and public services, but also making public investment describes methods rather simple, but primitive in the complex process of getting a new hire's public spending. The M-Macbeth method completes the portfolio of modern tools available to public finance science. Through the contents of this method there are introduced additional selection criteria of the products offers and services so that the employment process of public expenditure have a favorable impact on the controllability of deficit budget and to contribute, slightly, at the sustainability of economic development.

Suggested Citation

  • Marcel Ioan Boloş & Cristian Ioan Otgon & Tudor Victor Orţan, 2011. "M-Macbeth Method Versus Traditional Scoring Method Used In The Optimization Of Public Expenditure Management," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 5(5(558)(su), pages 390-402, July.
    • Handle: RePEc:agr:journl:v:5(558)(supplement):y:2011:i:5(558)(supplement):p:390-402
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