How do public expenditure, public income and public debt benefit a cou

1.	How do public expenditure, public income and public debt benefit a country? Discuss.
Answer» Public expenditure is the governmental expenditure for social welfare. Public expenditure is very important for the development of a country. Under Govt taken various initiation on welfare activities public expenditure increases. To meet this expenditure govt mobilizes income from various sources. This income is called public revenue. It includes both tax revenue and non tax revenue. In a developing and under developed nation budget will be deficit budget became they have to undertake various developmental activities.

How do public expenditure, public income and public debt benefit a country? Discuss.

Answer»

Public expenditure is the governmental expenditure for social welfare. Public expenditure is very important for the development of a country. Under Govt taken various initiation on welfare activities public expenditure increases. To meet this expenditure govt mobilizes income from various sources.

This income is called public revenue. It includes both tax revenue and non tax revenue. In a developing and under developed nation budget will be deficit budget became they have to undertake various developmental activities.

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