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Showing posts from October, 2021

Financial Management Issues in Public Sector Organizations by Billy Crafton

The following are some examples of financial management issues in public understandings, according to Billy Crafton from San Diego : ·          Inadequate Preparation Government agencies spend far too much money on both building and design. The main reason for this is a lack of good planning. This lack of appropriate preparation causes a significant drain of cash, resulting in a financial crisis.   ·          The Input-Output Ratio is Unfavourable. Public sector enterprises are substantially over-capitalized, resulting in an unfavourable input-output ratio. Over-capitalization gets caused by insufficient planning, excessive building delays, and other factors.   ·          Capital Costs Currently, the cost of capital in public sector enterprises does not include raising various forms of income, and this cost gets not calculated at market pricing. As a result, the capital cost gets underestimated. As a result, prices get set unrealistically, and market trends get underest