Public sector efficiency according to COFOG classification in the European Union

The budgetary constraints governments have to deal with on a daily bases require a new approach in public spending as well as the revision of public goods definition. Consequently the key words are efficiency and effectiveness, in order to comply with the new management approach requirements. Assessing the efficiency and performance of public expenses is a key item for analyzing the quality of public expenses because it connects the entries as public resources and their yield (efficiency) or the entries to the results obtained (performance)