23. What are the goals of public expenditure ?
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Answer:
The objectives of public expenditure are (a) provision of collective wants in order to optimize society's consumption in a traditional way and to maximize social and economic welfare and (b) control of the depressionary tendency in the market economy.
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Explanation:
(1)Promote faster economic growth
(2) Promote industry and Trade
(3) Promote the development of commerce
(4) Promote balanced regional growth
(5) Maximising profits
(6) Promote employment
(7) Build socio economic overheads
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