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The question of utilization of public funds has different aspects. The first aspect relates to efficiency. The second aspect concerns the manner of fund utilization. The third aspect relates to the outputs and outcomes which result from the fund use. The fourth aspect is the source of funds. Finally, any fund utilization or expenditure has to meet the audit requirements. There are two further allied considerations. There should not be any waste or fraud in the use of public funds. Government servants who handle public funds have to carefully observe the canons of financial propriety. We will now proceed to an examination of these aspects.