• Entry
  • Reader's guide
  • Entries A-Z
  • Subject index

Public Expenditure Tracking Systems (PETS)

Public expenditure tracking is used as a means to determine whether or not allocated government or public funds are utilized specifically for their intended or dictated purposes. Many times government or public funds earmarked for a specific purpose are diverted and used for a different purpose altogether. The inappropriate diversion of these funds may be unintended, deliberate, or both. Funding may be unintentionally diverted because unqualified workers are confused about the specifications or requirements of the funding policies or because of simple distribution or accounting errors. The deliberate misappropriation of funds may be the result of fraud, embezzlement, or the funding of criminal organizations; it may occur to enrich the officials whose job it is to disperse the funds in accordance with the specific government ...

    • Loading...
    locked icon

    Sign in to access this content

    Get a 30 day FREE TRIAL

    • Watch videos from a variety of sources bringing classroom topics to life
    • Read modern, diverse business cases
    • Explore hundreds of books and reference titles