(in relation to the proper use of public resources) The extent to which an activity's inputs are minimised for a given level of activity outputs, or the extent to which outputs are maximised for a given level of inputs. Efficiency considerations must be balanced with whether the use will also be effective, economical and ethical.
© Department of Finance
This content is only accurate as at the date of printing or download. Refer to Home | Department of Finance to ensure you are viewing the latest version.
26/11/2024
