Topic: Public Sector Reforms

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PSAF – Nov 2014 – L2 – Q7 – Public Sector Reforms

Advising on investment projects based on expected returns and understanding cost-benefit analysis features in public project appraisal.

Question

a. Mr. Make-No-Mistake has N200,000 which he decides to invest if he can secure an assurance that the investment will earn at least 10% p.a. He is considering three projects:

Project A: Will earn N218,000 at the end of the 1st year.
Project B: Will earn N250,000 at the end of the 2nd year.
Project C: Will earn N140,000 at the end of 1st year and another N100,000 at the end of 2nd year.

If none of the projects is undertaken, Mr. Make-No-Mistake will invest his N200,000 in something else that will earn him 10% p.a.

You are required to assess and advise Mr. Make-No-Mistake on which of the projects he should undertake. (12 Marks)

b. Identify THREE main features of Cost-Benefit Analysis in public project appraisal. (3 Marks)

Answer

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Tags: Cost-benefit analysis, Investment Assessment, Project evaluation, Public Project Appraisal
Level: Level 2

Topic: Public Sector Reforms

PSAF – Nov 2014 – L2 – Q6 – Public Sector Reforms

Comparison of domestic vs. external public debts and proposing debt restructuring for Nigeria.

Question

Nigeria has contracted a number of debts obligations from both domestic and external sources.

a. What comparisons can you make between domestic and external public debts?
(9 Marks)

b. Formulate a debt restructuring method as a strategy for debts management in Nigeria.
(6 Marks)

Answer

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Tags: Debt Restructuring, Domestic Debt, External Debt, Financial management, Public Debt, Treasury Management
Level: Level 2

Topic: Public Sector Reforms

PSAF – May 2021 – L2 – Q4b – Public Sector Reforms

Feasibility analysis of primary health centre PPP project based on guiding principles and associated risks.

Question

The Ministry of Health of Federal Republic of Wazobia is currently
considering public-private partnership as a means of improving health
facilities in some rural areas in the country. The Ministry intends to use
Public-Private Partnership (PPP) to construct and manage modern primary
health centres in rural areas to increase access to quality health facilities.
The project would be fully financed by the private sector, but will be built
on land secured from the state governments. The private sector requires
government guarantee to borrow externally to execute the project.
Currently, health services are free, however, the new project, when executed through Public-Private Partnership would be on “user-pay” basis.
The government and the private contractors determine the average fees
payable per user and it will be subject to an upward review from time to
time. In order to stimulate private sector interest in the project, the Ministry
intends to protect the private sector against risks associated with the
project. Meanwhile, the Ministry would insist that local materials and skills
are employed in the construction and management of the primary health
centre projects. The project is also environmentally friendly as there will be
little or no destruction of the forest vegetation. The project when completed,
will be of great benefit to the country as a whole.

Required:
Based on guiding principles of Public-Private Partnership identify and
explain THREE principles and TWO associated risks of the feasibility of the
proposed primary health centre projects by the Ministry of Health.

Answer

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Tags: Health Facilities, PPP, Project Feasibility, Public Sector Finance, Risk Assessment
Level: Level 2

Topic: Public Sector Reforms
Series: MAY 2021

PSAF – May 2023 – L1 – SC – Q6 – Public Sector Reforms

Criteria for selecting loan sources, Paris Club debt rescheduling principles, and challenges in state government project financing.

Question

Sometimes, countries contracting loan obligations are able to choose between different sources of credits, allowing them to base decisions on the most favorable conditions.

Required:

a. Identify and explain FOUR criteria for decision-making in choosing credit sources. (6 Marks)
b. Explain TWO main principles that guide the Paris Club debt rescheduling process. (4 Marks)
c. Discuss FIVE problems facing state governments in financing projects from capital markets. (5 Marks)

Answer

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Tags: Debt Rescheduling, Loan Decision Criteria, Paris Club, State Financing
Level: Level 2

Topic: Public Sector Reforms
Series: MAY 2023

PSAF – Nov 2015 – L2 – Q7 – Public Sector Reforms

Distinguish between basic infrastructure and development projects with examples and identify funding sources and characteristics.

Question

In order to achieve some development objectives, nations place emphasis on priority programmes like the provision of basic infrastructure and development projects, all of which require appropriate funding.

Required:

a. By means of specific relevant examples, distinguish between “basic infrastructure” and “development projects”. (3 Marks)

b. Discuss TWO development objectives which the priority programmes you refer to in (a) above are planned to achieve. (4 Marks)

c. Identify TWO sources of funding for these priority projects stating TWO distinct characteristics of each source identified and TWO factors that facilitate the commercial viability of the projects. (8 Marks)

Answer

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Tags: Basic Infrastructure, Development Projects, Funding, Public Finance, Viability
Level: Level 2

Topic: Public Sector Reforms
Series: NOV 2015

PSAF – May 2024 – L2 – SB – Q7 – Public Sector Reforms

Categories of public finance and rationale for public sector involvement in the economy.

Question

Public finance is concerned with the income and expenditure of public authorities and with the adjustment of one to the other. Also, it opines that the subject matter of public finance looks into the financial problems and policies of the government at different levels and studies the inter-governmental financial relations.

Required:
a. Identify and explain FIVE categories of public finance. (7½ Marks)

b. Discuss FIVE rationale for public sector in the economy. (7½ Marks)

Answer

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Tags: Fiscal Responsibility, Government Policy, Public Finance
Level: Level 2

Topic: Public Sector Reforms
Series: MAY 2024

PSAF – May 2022 – L2 – SA – Q7 – Public Sector Reforms,

Discuss reasons for divergence between private and public appraisal of projects and explain key differences in cost-benefit and cost-effectiveness analysis.

Question

Investment appraisal is a process of finding out the least possible costs of an investment and the maximum economic benefits, which may accrue from the commitment of resources.

Required:
a. Highlight FOUR reasons for divergence between private and public appraisal of a project. (4 Marks)
b. How does cost-benefit analysis (CBA) differ from cost-effectiveness analysis (CEA)? (5 Marks)
c. Identify THREE procedures and THREE limitations of cost-effectiveness analysis. (6 Marks)

Answer

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Tags: Cost-benefit analysis, Private Appraisal, Project evaluation, Public Appraisal, Public Investment
Level: Level 2

Topic: Public Sector Reforms
Series: MAY 2022

PSAF – May 2022 – L2 – SA – Q6 – Public Sector Reforms

Discuss effects and principles of public expenditure on the economy.

Question

Public expenditure is an important segment of the budgetary activities. It refers to the expenses incurred by the government in the course of its activities.

Required:
a. Discuss TWO effects of public expenditure on the economy. (5 Marks)
b. Identify and explain FIVE principles of public expenditure. (10 Marks)

Answer

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Tags: Budgeting, Economic Impact, Fiscal Management, Public Expenditure
Level: Level 2

Topic: Public Sector Reforms
Series: MAY 2022

PSAF – May 2022 – L2 – SA – Q5 – Public Sector Reforms

Discuss principles of debt rescheduling and forms of debt conversion.

Question

Rescheduling is the rearrangement of payment terms of debt with respect to new maturities, grace period, and readjustment of the interest rate. The essence is to facilitate convenience in debt repayment.

Required:
a. Identify and explain TWO main principles of debt rescheduling. (5 Marks)
b. Discuss FIVE forms of debt conversion. (10 Marks)

Answer

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Tags: Debt Conversion, Debt Rescheduling, Fiscal Management, Public Debt Management, Treasury
Level: Level 2

Topic: Public Sector Reforms
Series: MAY 2022

PSAF – Nov 2020 – L2 – Q6a – Public Sector Reforms

Identify five objectives each of GIFMIS and IPPIS under Nigeria's Public Financial Management reforms.

Question

In July 2003, the Federal Government commenced the implementation of deliberate policies, programmes, and projects aimed at strengthening the economy, governance, and fighting corruption. This led to the first Economic Reform and Governance Project (ERGP) initiative, approved in December 2004, in line with FGN’s goal to strengthen governance, accountability, reduce corruption, and deliver services more effectively. This brought about reforms in the public sector of the economy. The Government Integrated Financial Management Information System (GIFMIS) and Integrated Personnel and Payroll Information System (IPPIS) are parts of the Public Financial Management (PFM) reforms approved in 2004.

Required:
Identify five objectives each of Government Integrated Financial Management Information System (GIFMIS) and Integrated Personnel and Payroll Information System (IPPIS). (10 Marks)

Answer

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Tags: GIFMIS, Government Systems, IPPIS, Payroll Management, Public Financial Management, Reforms
Level: Level 2

Topic: Public Sector Reforms
Series: NOV 2020

PSAF – Nov 2014 – L2 – Q7 – Public Sector Reforms

Advising on investment projects based on expected returns and understanding cost-benefit analysis features in public project appraisal.

Question

a. Mr. Make-No-Mistake has N200,000 which he decides to invest if he can secure an assurance that the investment will earn at least 10% p.a. He is considering three projects:

Project A: Will earn N218,000 at the end of the 1st year.
Project B: Will earn N250,000 at the end of the 2nd year.
Project C: Will earn N140,000 at the end of 1st year and another N100,000 at the end of 2nd year.

If none of the projects is undertaken, Mr. Make-No-Mistake will invest his N200,000 in something else that will earn him 10% p.a.

You are required to assess and advise Mr. Make-No-Mistake on which of the projects he should undertake. (12 Marks)

b. Identify THREE main features of Cost-Benefit Analysis in public project appraisal. (3 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cost-benefit analysis, Investment Assessment, Project evaluation, Public Project Appraisal
Level: Level 2

Topic: Public Sector Reforms

PSAF – Nov 2014 – L2 – Q6 – Public Sector Reforms

Comparison of domestic vs. external public debts and proposing debt restructuring for Nigeria.

Question

Nigeria has contracted a number of debts obligations from both domestic and external sources.

a. What comparisons can you make between domestic and external public debts?
(9 Marks)

b. Formulate a debt restructuring method as a strategy for debts management in Nigeria.
(6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Debt Restructuring, Domestic Debt, External Debt, Financial management, Public Debt, Treasury Management
Level: Level 2

Topic: Public Sector Reforms

PSAF – May 2021 – L2 – Q4b – Public Sector Reforms

Feasibility analysis of primary health centre PPP project based on guiding principles and associated risks.

Question

Answer

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Tags: Health Facilities, PPP, Project Feasibility, Public Sector Finance, Risk Assessment
Level: Level 2

Topic: Public Sector Reforms
Series: MAY 2021

PSAF – May 2023 – L1 – SC – Q6 – Public Sector Reforms

Criteria for selecting loan sources, Paris Club debt rescheduling principles, and challenges in state government project financing.

Question

Sometimes, countries contracting loan obligations are able to choose between different sources of credits, allowing them to base decisions on the most favorable conditions.

Required:

Answer

Find Related Questions by Tags, levels, etc.

Tags: Debt Rescheduling, Loan Decision Criteria, Paris Club, State Financing
Level: Level 2

Topic: Public Sector Reforms
Series: MAY 2023

PSAF – Nov 2015 – L2 – Q7 – Public Sector Reforms

Distinguish between basic infrastructure and development projects with examples and identify funding sources and characteristics.

Question

Required:

a. By means of specific relevant examples, distinguish between “basic infrastructure” and “development projects”. (3 Marks)

b. Discuss TWO development objectives which the priority programmes you refer to in (a) above are planned to achieve. (4 Marks)

Answer

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Tags: Basic Infrastructure, Development Projects, Funding, Public Finance, Viability
Level: Level 2

Topic: Public Sector Reforms
Series: NOV 2015

PSAF – May 2024 – L2 – SB – Q7 – Public Sector Reforms

Categories of public finance and rationale for public sector involvement in the economy.

Question

Required:
a. Identify and explain FIVE categories of public finance. (7½ Marks)

b. Discuss FIVE rationale for public sector in the economy. (7½ Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Fiscal Responsibility, Government Policy, Public Finance
Level: Level 2

Topic: Public Sector Reforms
Series: MAY 2024

PSAF – May 2022 – L2 – SA – Q7 – Public Sector Reforms,

Discuss reasons for divergence between private and public appraisal of projects and explain key differences in cost-benefit and cost-effectiveness analysis.

Question

Investment appraisal is a process of finding out the least possible costs of an investment and the maximum economic benefits, which may accrue from the commitment of resources.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cost-benefit analysis, Private Appraisal, Project evaluation, Public Appraisal, Public Investment
Level: Level 2

Topic: Public Sector Reforms
Series: MAY 2022

PSAF – May 2022 – L2 – SA – Q6 – Public Sector Reforms

Discuss effects and principles of public expenditure on the economy.

Question

Public expenditure is an important segment of the budgetary activities. It refers to the expenses incurred by the government in the course of its activities.

Required:
a. Discuss TWO effects of public expenditure on the economy. (5 Marks)
b. Identify and explain FIVE principles of public expenditure. (10 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Budgeting, Economic Impact, Fiscal Management, Public Expenditure
Level: Level 2

Topic: Public Sector Reforms
Series: MAY 2022

PSAF – May 2022 – L2 – SA – Q5 – Public Sector Reforms

Discuss principles of debt rescheduling and forms of debt conversion.

Question

Required:
a. Identify and explain TWO main principles of debt rescheduling. (5 Marks)
b. Discuss FIVE forms of debt conversion. (10 Marks)

Answer

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Tags: Debt Conversion, Debt Rescheduling, Fiscal Management, Public Debt Management, Treasury
Level: Level 2

Topic: Public Sector Reforms
Series: MAY 2022

PSAF – Nov 2020 – L2 – Q6a – Public Sector Reforms

Identify five objectives each of GIFMIS and IPPIS under Nigeria's Public Financial Management reforms.

Question

Required:
Identify five objectives each of Government Integrated Financial Management Information System (GIFMIS) and Integrated Personnel and Payroll Information System (IPPIS). (10 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: GIFMIS, Government Systems, IPPIS, Payroll Management, Public Financial Management, Reforms
Level: Level 2