Public expenditure is spending made by the government of a country on collective needs and wants such as pension, provision, infrastructure, etc. ... The size of pubic expenditure was very small. But now the expenditure of governments all over has significantly increased.
TYPES OF PUBLIC EXPENDITURE :- Classification of public expenditure refers to the systematic arrangement of different items on which the government incurs expenditure. Public expenditure can be classified as follows :- (a) Capital (b)Productive (c)Transfer Plan Other. And AndAndAnd Classification.
The objectives of Public expenditure mainly consists of the acceleration of the rate of economic growth, equitable distribution of income, improving the living standards, stabilisation of economic activity, balanced regional development in addition to the orthodox classical objectives of defence, maintenance of law