what are the goals of public expenditure
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Goals of public expenditure:
- Provide social goods
- Remove unemployment
- Increase Production
- Exploitation and Development of Mineral Resources
- Promote Price Stability
- Promote Balanced Growth
Explanation:
- Public expenditure is made by the government for the collective needs of the people in the form of pension, infrastructure or provision.
- Government has to raise revenue from various sources for public expenditure.
- Taxation is an ideal example in this regard as someone one will pay whereas the other group will benefit from the same.
- Social goods is of consequence to the economics of the public sector.
- The government can change the demand by making public expenditure.
- Public expenditure contributes to growth in production.
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96
Answer:
- promote faster economic development.
- promote industry , trade and commerce.
- promote agricultural and rural development.
- promote balanced regional growth.
- promote full - employment and.
- maximize social welfare.
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