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Cfm 307 Public Sector Finance Question Paper

Cfm 307 Public Sector Finance

Course:Bachelor Of Commerce

Institution: Kca University question papers

Exam Year:2011

UNIVERSITY EXAMINATIONS: 2011/2012
YEAR 3 EXAMINATION FOR THE BACHELOR OF COMMERCE
CFM 307 PUBLIC SECTOR FINANCE- SATURDAY
DATE: APRIL 2012 TIME: 2 HOURS
INSTRUCTIONS: Answer Question One and Any other Two Questions
QUESTION ONE
(a) Most developing economics have persistently recorded budget deficits. This has been largely
attributed to poor management of monetary and fiscal policies. Discuss. (10 marks)
(b) There has been a rapid increase in public expenditure in developing economies yet it has not been
meeting the desired objectives and benefits. Explain the key principles that should be emphasised
in making public expenditures. (10 marks)
(c) The taxation system in developing countries has been facing various challenges and therefore has
not been contributing to the revenue kit. Explain the challenges facing the Taxation system and the
measure to be put in place to realize the benefits. (10 marks)
QUESTOIN TWO
Of late, the country has been facing challenges in monitoring a stable currency and price stability.
Discuss how the poor public finance management has contributed to this and what the government can
do to alleviate the problem. (20marks)
QUESTION THREE
Public Sector reforms have been a key driver to efficiency in the public sector and towards
achievement of vision 2030. Discuss the various key reforms that are expected to be put in place in
order to realise the intended objectives and the challenges that are likely to be faced.
(20marks)
2
QUESTION FOUR
(a) Budgeting plays a key role in the success of a country through resource allocation and planning.
Discuss the importance of budgeting to the growth of developing countries. (10 marks)
(b) What are the challenges that the budgeting process face and how can the challenges be alleviated.
(10 marks)
QUESTION FIVE
A financial management system is very critical in any government if it has to achieve the set goals and
priorities. Discuss the contributions of a financial management system to any developing government
and cite the challenges governments face in implementing the system.
(20marks)

Cfm 307 Public Sector Finance Question Paper

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