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Comparison between private and public finance management

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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.

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