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Examine the ethical principles that should govern the Utilization of public funds.

Topic:  Utilization of public funds

7. Examine the ethical principles that should govern the Utilization of public funds. (150 words)

Reference: Ethics by Lexicon publications.

Why the question:

The question is part of the static syllabus of General studies paper – 4.

Key Demand of the question:

A straightforward question to enumerate the principles that should govern utilization of public funds.

Directive:

Examine – When asked to ‘Examine’, we must look into the topic (content words) in detail, inspect it, investigate it and establish the key facts and issues related to the topic in question. While doing so we should explain why these facts and issues are important and their implications.

Structure of the answer:

Introduction:

Begin by highlighting the importance off the effective utilization of public funds.

Body:

In the body, mention the key principles that should govern the utilization of the public funds. Lawfulness, Accountability, Transparency, Value for money, Fairness, Sustainability and integrity etc. Explain these principles in detail with relevant examples.

Conclusion:

Stress on the need to that proper utilization of public funds is very essential to meet the developmental aspirations of the country.