1.

What is meant by Public Expenditure? How many types of public expenditure are possible?

Answer»

Public Expenditure: The expenditures incurred by the government are called Public Expenditures.

These can be of four types :

  1. Public Works. The expenditure incurred on the roads, dams and bridges etc.
  2. Public Welfare Works. The expenditure incurred on education, public health etc.
  3. The expenditures on the security and law and order of the country like on Police, Prisons etc.
  4. The expenditure on subsidies given to the producers to increase production, exports and transfer payments.


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