Ms. Siegal and Mr. Rabb also were ordered to show copies of "WFP party rules relating to the expenditure of funds, " as well as any "board minutes, writings and emails" related to fund transfers.

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In effect, the fiscal impact of implementing a tax expenditure would be similar to a direct expenditure of state funds.

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Mr Thorburn said that although that was within the rules, decisions involving major expenditure of charity funds should normally be made after consideration by a substantial number of trustees.

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And there is potential for upside if the management can execute a timely divestment of its assets and efficient disbursement of funds toward capital expenditure.

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The Public Expenditure Tracking in Survey (PETS) is widely used to study the flow of funds and other resources with the aim of determining how much of government investment reaches the classroom.

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Welfare spending, which consumes a third of public funds, is 11% higher than in England and is rising faster as a share of public expenditure than any other category.

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