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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.
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What is virement in public fund management?
tranfer of funds from unspending expenditure to different part of the same expenditure line
What is meaning of Medium term expenditure Framework?
It is used as long term Budgeting instrument to maintain stability of public policy .
What is the format for capital expenditure budget?
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.
Why people say that money is borrowed into existence?
The requirement for governments to borrow from the private banking sector to finance public expenditure forms the National Debt
What is the meaning of debit balace in income and expenditure account?
Debit Balance- means outstanding balance, meaning you need to pay it! Credit Balance- means you have over paid.
Importance of public expenditure in India?
In India public expenditure helping to development
When did Public expenditure die?
Public expenditure died on 1960-01-06.
When was Public expenditure born?
Public expenditure was born on 1891-11-21.
What will be paid water charges to the muncipal committee a capital expenditure or revenue expenditure?
revenue expenditurerevenue expenditure
What is an aggregate 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 and Expenditure Account Meaning?
Income - is any money being paid into the business. Expenditure is anything paid out - from a paper-clip to a company car
What is national expenditure?
It is the total expenditure for all kinds within the economy that is public and private. The national expenditure =Consumption+Investment+government purchases.
Is salaries a recurrent expenditure?
Salaries are require to be paid every month so it is a recurrent expenditure of business and called the revenue expenditures.
What is the three largest expenditure?
war, public, market
What is virement in public fund management?
tranfer of funds from unspending expenditure to different part of the same expenditure line
Do an evaluation of public sector expenditure in technology and industrialization in Nigeria?
the nigeria public sector
What word means Money paid for services performed?
Remuneration
