Question

Income and expenditure of the government is called​

Answer 1

Answer:

Government expenditure refers to the purchase of goods and services, which include public consumption and public investment, and transfer payments consisting of income transfers (pensions, social benefits) and capital transfer.

Explanation:

I hope you can understand

Answer 2

Answer:

Fiscal Policy

Explanation:

• The study of public finances focuses on how the government affects the economy. It is the area of economics that evaluates public authorities' income and outlays and adjusts either one or the other to produce desired results and prevent negative ones.
• The choices a government makes about taxation, revenue collection, and revenue expenditure are referred to as fiscal policy. It frequently contrasts with monetary policy, in which a central bank controls the amount of money in circulation and sets interest rates.
• Public spending refers to money that a nation's government spends on things that the entire population needs or desires, such as pensions, provisioning (which includes housing, healthcare, and education), security, infrastructure, etc.

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