Question

Difference between public debt and public expenditure

Answer 1

$public \: debt$

Meaning: In India, public debt refers to a part of the total borrowings by the Union Government which includes such items as market loans, special bearer bonds, treasury bills and special loans and securities issued by the Reservea, Bank. It also includes the outstanding external debt.

$public \: expenditure$

Public expenditure is spending made by the government of a country on collective needs and wants such as pension, provision, infrastructure, etc. Until the 19th century, public expenditure was limited as laissez faire philosophies believed that money left in private hands could bring better returns.

Answer 2

Difference between public debt and public expenditure

Explanation:

Public Debt: Debt is an obligation which is to be repaid in future. so any debt and borrowing from domestic or foreign sources by the government is called debt. Government needs debt when it's revenue is less than it's planned expenditure. in other words it is governments budget deficit.

Public expenditure: Public expenditure on the other hand is the expenditure made by any country on the needs such as economic and social infrastructure, welfare programs etc. in this case there is no repayment obligation if it is made from the available budget of the country.

Learn more:

Difference between public expenditure and public revenue

https://brainly.in/question/6167178