(i) Productivity-used on developed project to increase production.
(ii) Equity-expenditure should be distributed equally in all regions to reduce wealth inequalities.
(iii)Sanction-before public expenditure can be incurred, it must be sanctioned or approved by the relevant authority.
(iv) Maximum social benefit-it must be incurred in a way that majority of the people are able to reap maximum benefit out of it.
(v) Flexibility-the policy of the expenditure should be flexible enough to meet the prevailing economic situations.
(vi) Economy-it ensures that proper planning is done before expenditure to avoid wasteful expenditure and delay of the projects.
(vii) Proper financial management-funds should be well managed by maintaining proper accountability records which should be audited as required.
maurice.mutuku answered the question on August 17, 2017 at 05:59
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