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Synopsis Growing public expenditure is a persistent problem faced by governments in both industrialized as well as developing countries. Despite concerted efforts and wide-ranging reforms operational problems in controlling expenditure persist everywhere. This volume examines the main factors contributing to expenditure growth and formulates alternative proposals for improvement and sustainability in expenditure management. The book outlines the differing perceptions and approaches of industrialized and developing countries, provides an anatomy of financial management and ground-level realities, and emphasizes the need for strengthening expenditure control mechanisms in the future. From the evolution of expenditure control to the ethical dimensions of expenditure management, Premchand discusses the literature using international comparisons from Asia, Latin America, and Europe. Fiscal experts, students, and policymakers will find the book analytical, detailed, and very practical.