M-MACBETH METHOD VERSUS TRADITIONAL SCORING METHOD USED IN THE OPTIMIZATION OF PUBLIC EXPENDITURE MANAGEMENT

Marcel Ioan Boloş, Cristian Ioan Otgon and Tudor Victor Orţan
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Marcel Ioan Boloş: University of Oradea
Cristian Ioan Otgon: University of Oradea
Tudor Victor Orţan: University of Oradea

Theoretical and Applied Economics, 2011, vol. 5(558)(supplement), issue 5(558)(supplement), 390-402

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.

Keywords: public expenditure; macbeth approach; scoring method; public goods and services; public auction; multi-criteria analysis. (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:5(558)(supplement):y:2011:i:5(558)(supplement):p:390-402

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