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Value for money

Ministries of finance have a duty to ensure that public funds are utilised judiciously by spending agencies. Value for money requires all participants in the budget process to think differently about each decision within this complex cycle. Essentially, governments achieve value for money when they have the right policies (given specific needs), choose the most cost-effective interventions, and implement these interventions efficiently, fairly and with moral considerations. Key within this flow of decisions is also the accountability of each practitioner for the decisions and choices made.

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