What is not included in development expenditure?
It refers to those expenditure of the government which does not directly help in economic development of the country. Cost of tax collection, cost of audit, printing of notes, internal law and order, expenditure on defence etc. are treated as non-developmental expenditure.
What is central government expenditure?
Central government expenditure is defined as the central government budget expenditure as reported in the final central government accounts. The responsibility for the provision of public goods and services and redistribution of income is divided between different levels of government.
What are development expenditures?
Developmental expenditure refers to the expenditure of the government which helps in economic development by increasing production and real income of the country. Some people call it productive expenditure because it helps in increasing production and productivity of the economy.
What does the central govt does not include in development expenditure?
Expenditure on economic service, expenditure on social and communist services, grant to states are examples of developmental expenditures. Among the given options, defense expenditure is not an example of developmental expenditure.
What is government current expenditure?
> Current expenditure: money spent by the. government on a regular or ongoing basis. The majority of government current expenditure involves the day-to-day provision of essential public services. Operating costs and wages for public sector workers account for a large portion of government current expenditure.
Which of the following is the cause of growth of public expenditure?
Some of the main causes of public expenditure growth are: 1. Income Elasticity and Increase in Per Capita Income 2. Welfare State Ideology and Wagner’s Law 3. Effects of War and the Need for Defence 4.
Which of the following are the objectives of government budget?
Some of the important objectives of government budget are as follows: 1. Reallocation of Resources 2. Reducing inequalities in income and wealth 3. Economic Stability 4.
