Get the answer of: What is the Place of Public Expenditure in a Developing Country like India? Public expenditure as a proportion of GNP has been increasing in modem mixed economies since World War II. However, the problems of developing countries are of a different nature and thus fiscal policy has a more important role to play in such countries. [...]
In this article we will discuss about the meaning and principles of public expenditure. Meaning of Public Expenditure: In order to carry on their functions, governments must obtain the services of labour and other factor units and (except in a completely socialist economy) acquire goods produced by private business firms. Public expenditure consists of expenditure by central government, state governments [...]
Public Expenditure: Causes, Principles and Importance! Meaning of Public Expenditure: Expenses incurred by the public authorities—central, state and local self- governments—are called public expenditure. Such expenditures are made for the maintenance of the governments as well as for the benefit of the society as whole. There was a misbelief in the academic circles in the nineteenth century that public expenditures [...]