The expenditure incurred by public authorities like central, state and local governments to satisfy the collective social wants of the people is known as public expenditure.
It is basically spending made by the government of a country on citizens' needs on items such as pension, provision, infrastructure etc. Public expenditure was restricted only to a small extent till 19th century due to laissez faire followed by the government, as classical then believed money left in private hands could bring better returns. It was only in 20th century when John Maynard Keynes pointed out the important role of public expenditure in determining the level of income and distribution in the economy. Since then government's expenditure has shown an increasing trend.
tranfer of funds from unspending expenditure to different part of the same expenditure line
It is used as long term Budgeting instrument to maintain stability of public policy .
The format for capital expenditure budget is to list all the expenditure with their estimates. The cost of capital assets and expenditure must be provided.
The requirement for governments to borrow from the private banking sector to finance public expenditure forms the National Debt
Debit Balance- means outstanding balance, meaning you need to pay it! Credit Balance- means you have over paid.
In India public expenditure helping to development
Public expenditure died on 1960-01-06.
Public expenditure was born on 1891-11-21.
revenue expenditurerevenue expenditure
expenditure money paid out; an amount spent expenditure the act of spending money for goods or services expenditure the act of consuming something
Income - is any money being paid into the business. Expenditure is anything paid out - from a paper-clip to a company car
It is the total expenditure for all kinds within the economy that is public and private. The national expenditure =Consumption+Investment+government purchases.
Salaries are require to be paid every month so it is a recurrent expenditure of business and called the revenue expenditures.
war, public, market
tranfer of funds from unspending expenditure to different part of the same expenditure line
the nigeria public sector
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