Problem
Inadequate management of government finances
Experimental visualization of narrower problems
Other Names:
Inefficient management of government financial resourcesInadequate mobilization of domestic financial resources
Mismanagement of government financial expenditures
Ineffective control of government finances
Financial scandal
Incidence:
In the case of the USA, inadequate controls in programmes that lend money or guarantee loans made by others were reported in 1989 as leading to losses of $100 billion. Losses of $5,000 billion in federal insurance and credit assistance would also be added to previous losses $200 billion in connection with insolvency in savings and loan institutions. Broader Problems:
Lack of financial controlUnethical financial practicesInefficient public administrationInadequate economic policy-making Narrower Problems:
Bank fraudArbitrary government chargesUndervaluation of public assetsInadequate public finance statisticsInadequate government supervision of contracts Related Problems:
BriberyIncompetent household management Aggravates:
Political scandalExternal debt crisisGovernment budget deficitsUnethical commercial practicesInsufficient financial resourcesDecline in public sector savingsUnderutilized government resourcesInadequate mobilization of resourcesInadequate local government financing Strategies:
Exposing financial scandalCovering-up financial scandalCovering-up financial scandalControlling government finances Subject(s):
Amenities → HouseholdsCommerce → Finance
Societal Problems → Inadequacy
Societal Problems → Ineffectiveness
Government → Government
Management → Management
Cybernetics → Control
Cybernetics → Cybernetics
Innovative change → Change
Related UN Sustainable Development Goals:
Problem Type:
F: Fuzzy exceptional problems Date of last update
04.10.2020 – 22:48 CEST