0 votes
in Business by
Comparison between private and public finance management

1 Answer

0 votes
by (106k points)

Difference between private and public finance management;

  • The government gets money for spending from taxes , other sources of income and borrowing.
  • Government departments do not operate to make profits and objectives of the department
  • Government departments have full time professional civil servants as their managers but decisions are also taken by politicians.
  • Government  services are provided without the commercial pressure of competition. There are no competitive reasons for controlling costs.

Related questions

Welcome to Kenyayote Q&A, where you can ask questions and receive answers from Kenyayote staff and other members of the community.

Before you ask, search the website to make sure your question has not been answered.
If you are ready to ask, provide a title about your question and a detailed description of your problem.