Define Plan Expenditure
Answers
Explanation:
Plan expenditure is the expenditure which is part of the five-year plan of the government and includes wages, subsidies and pensions. Following discussions between each of the relevant ministries and the Planning Commission, plan spending is estimated.
Thus, a plan expenditure is that public expenditure that reflects current development and investment expenditure resulting from the proposals contained in the current plan. "Such expenditure is incurred in financing the Central Budget relating to the various economic sectors. The items of plan expenditure include -
- electricity generation expenditure,
- irrigation and rural development,
- road, bridge, canal building, and
- research, technology, environment, etc. This includes both revenue and capital spending.