PUBLIC EXPENDITURE Meaning and
Definition
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Public expenditure refers to the financial disbursements made by the government or public authorities in order to fulfill its functions, responsibilities, and commitments towards the citizens and the overall development of the society. It refers to the total spending made by the government on various public goods and services, such as infrastructure, healthcare, education, defense, social welfare, and public administration.
Public expenditure plays a key role in shaping the economic and social landscape of a country. It is primarily funded through various sources, including taxation, borrowings, grants, and tariffs. The government allocates and manages these funds to meet the needs of the nation and its citizens.
The purpose of public expenditure is to enhance the well-being of the population. It aims to provide essential services, create employment opportunities, and facilitate economic growth. By investing in infrastructure like roads, bridges, and airports, public expenditure contributes to the development of the country's transportation network, which in turn boosts trade and commerce.
Additionally, public expenditure helps in strengthening social welfare programs and ensures the provision of healthcare, education, and social security to the general public. It enables the government to address income inequalities, poverty, and promote social inclusion.
Public expenditure is a vital component of fiscal policy and is subject to budgetary regulations and oversight. Governments employ sound financial management practices to ensure transparency, efficiency, and accountability in the allocation and use of public funds, ultimately aiming to create a conducive environment for overall societal progress and prosperity.
Common Misspellings for PUBLIC EXPENDITURE
- oublic expenditure
- lublic expenditure
- -ublic expenditure
- 0ublic expenditure
- pyblic expenditure
- phblic expenditure
- pjblic expenditure
- piblic expenditure
- p8blic expenditure
- p7blic expenditure
- puvlic expenditure
- punlic expenditure
- puhlic expenditure
- puglic expenditure
- pubkic expenditure
- pubpic expenditure
- puboic expenditure
- publuc expenditure
- publjc expenditure
- publkc expenditure
Etymology of PUBLIC EXPENDITURE
The word "expenditure" comes from the Latin word "expendere", which means "to weigh out or pay out". It is derived from the combination of the prefix "ex-" (meaning "out of") and "pendere" (meaning "to weigh" or "to pay").
The term "public" is from the Latin word "publicus", which means "of the people" or "pertaining to the state or community". It was derived from "populus", meaning "people".
When these two words are combined, "public expenditure" refers to the money spent by the government or state for the benefit and welfare of the public or the community as a whole.
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