Waste or Mismanagement?

27 July 2007

We often report how various governments face accusations of wasting or mismanaging money through procurement and the cost of that to the taxpayer.

But it got me thinking – just what is the difference between waste and mismanagement? Fraud is a little more obvious, but it seems to be a little blurry between the other two.

What is the definition of wasting money? And is this different to mismanaging it?

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