Medium Term Expenditure Framework > Public expenditure management

Useful paper on definitions of efficiency and effectiveness

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petagny:
The attached paper by the Australian Productivity Commission is a good discussion of efficiency and effectiveness.

STONE:
Useful indeed to see a paper that provides some thought out definitions of terms that are bandied about loosely.  I came across the UK's Independent Commission for Aid Impact talking about "value for money and effectiveness" - surprised me as I had thought effectiveness was a component of VFM.

Napodano:
For the one interested in the paper which Stone mentioned,

attached: ICAI's Approach to Effectiveness and VFM

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