Why do you think taxpayers are most concerned with performan

Why do you think taxpayers are most concerned with performance budgets? What expectations do taxpayers have when it comes to government spending?

Solution

Yes, it is true that taxpayers are more concerned with performance budgets due to various reasons. Let’s see all reasons one by one;

1. Performance budgets help in knowing the objectives & purposes for which raised funds are used by the government.

2. It helps tax payers in monitoring the actual performance of the government bodies so that tax payers can know whether their money have been utilized properly or not.

3. It helps in bringing more transparency in financial reporting system and budgeting process so that all required information can be delivered properly.

4. Tax payers can know actual allocation of funds and sources of funds.

5. Tax payers can know the operational efficiency of the government with the help of performance budgets that is why tax payers are most concerned with performance budgets.

Apart from this we know that tax payers have various expectations from government when we see government spending. Tax payers pay taxes to the government as they earn income so tax payers definitely have some specific expectations from their government. So main expectations from government spending are as follow;

1. Proper spending on common services for the citizens of the country so that life of the citizens can run smothly.

2. Proper medical and education facilities at reasonable prices in the country.

3. Better infrastructure such as (road, transport, electricity, house) etc.

4. Proper spending should be on maintaining law & order.

5. Better product & services at reasonable price.

6. Proper spending on development projects so that there should be more chances of business & employment in the country.

7. Balance allocation between all sectors of the economy so that there should not be any type of discrimination or mismatching etc.

So we can say that tax payer, who pay taxes to the government always wants somethin in return from his government. Hence there may be different types of expectations by the tax payers.