Reasons why Public Sector Accounting is useful in any national economy include:

• Demonstrates Accountability: Public sector accounting enables governments to demonstrate accountability for public resources to the citizens, ensuring that funds are used for their intended purposes.
• Supports Decision Making: Public sector accounting provides useful information that supports social, economic, and political decision-making by the government, aiding in the effective allocation of resources.
• Efficient Resource Allocation: It is a tool that enables the efficient allocation of public resources to the priorities of the government, ensuring that public funds are used where they are most needed.
• Control and Monitoring: Public sector accounting serves as a tool used by the government to control its plans, programs, and activities, ensuring that they are executed as intended.
• Performance Measurement: It helps measure the performance of the government in terms of economy, efficiency, and accomplishments, providing a basis for evaluating how well public funds are being managed.
• Legal Compliance: Public sector accounting is a means of meeting legal requirements for public accounts to be presented quarterly and annually, ensuring compliance with statutory obligations.