Definition of public expenditure

This report evaluates lesothos public expenditure program to identify expenditure priorities in line with the underlying policy framework needed to promote lesothos development objectives. Public hospitals that meet this new definition must demonstrate they are operated by a unit of government or are an integral part of a unit of government that has taxing authority. Expenses incurred by the public authorities central, state and local self. Oecd glossary of statistical terms social expenditure. Social welfare protection is the largest element of government spending, with the nhs and education the biggest single departmental items. Public expenditure definition of public expenditure at. When considering the macroeconomic impact of government expenditures, fiscal transparency demands that the economist work with a very broad definition of the. Public finance, public revenue and public expenditure. At the same time, public expenditure is characterised by a high degree of inertia and lawdependency, which tempers the will of the current majority. Explain that government spending can be classified into current expenditures, capital expenditures and transfer payments, providing examples of each. Of the two main branches of public finance, namely, public revenue and public expenditure, we shall first study the public expenditure. Such expenditures are made for the maintenance of the governments as well as for the benefit of the society as whole.

Guidelines for public expenditure managementsection 2the. It is incurred by central, state and local governments of a country. What are currency pairs and the basics of currency trading. Aggregate fiscal discipline refers to the alignment of public expenditures with total revenues domestic revenues plus a sustainable level of foreign borrowing. In general, public expenditure management pem tends to promote the achievement of three outcomes, namely, aggregate fiscal discipline, allocative efficiency, and operational efficiency. Lesotho public expenditure priorities english abstract.

Public expenditure definitionmeaning and explanation. Public expenditure definition at, a free online dictionary with pronunciation, synonyms and translation. The money that is spent by the government on public services andor other types of government related entities. In its wider sense it includes all the incomes or receipts which a. Public expenditure meaning in the cambridge english. Its main tools are government spending on infrastructure, unemployment benefits, and education. Public expenditure can be defined as, the expenditure incurred by public authorities like central, state and local governments to satisfy the. You can complete the definition of public expenditure given by the english definition dictionary with other english dictionaries.

Public expenditure refers to government expenditure i. This type of expenditure is of recurring type which is incurred year after year. Each and every year, a democratic government presents its budget to the parliament. Hospitals that do not meet this new definition would not be allowed to certify expenditures to state medicaid programs. The income of the government through all sources is called public income or public revenue. Public expenditure can be defined as, the expenditure incurred by public authorities like central, state and local governments to satisfy the collective social wants of the people is known as public expenditure. In 2003, government expenditure accounted for 15% of gross final expenditure gfe on. So government spending or government expenditure is often divided into three main types. It emphasizes six elements which should be an integral part of an ongoing exercise to evaluate public spending. The first is the government purchase of goods and services in order to provide services such as education, health care, or defense. The investment into the nature and principles of state expenditure and state revenue is called public finance. Public expenditure is spending made by the government of a country on collective needs and wants such as pension, provision, infrastructure, etc.

Public finance originated under conditions of regular commoditymoney exchange as a result of the development of the state and the states requirement for resources. As a result, the theory supports expansionary fiscal policy. The public expenditure is, therefore, bound to go up. The usual distinction is between consumption expenditure and investment expenditure. View american english definition of public expenditure. Meaning, importance, classification and other details. Change your default dictionary to american english. The most important factor which has contributed to the expansion of public expenditure is the increase in public revenue. Expenses incurred by the public authoritiescentral, state and local self governmentsare called public expenditure. The budget contains all the economic and social commitments of the government with detailed plans of revenue and expenditure. Current expenditures or government final consumption expenditure on goods and services for current use. Government expenditure financial definition of government. Meaning, tax revenue, nontax revenue with classification of public revenue.

According to dalton, however, the term public income has two senses wide and narrow. Public expenditure analysis for citizencentered governance edited by anwar shah. Public expenditure refers to the expenses which the government incurs for its maintenance as also for the economy as a whole. Expenditure definition of expenditure by merriamwebster. Expenditures authorized under a national budget are divided into two main categories. Public finance the aggregate of economic relationships arising from the creation and use of centralized and decentralized monetary resources. Information and translations of public expenditure in the most comprehensive dictionary definitions resource on the web. Expenditure definition, the act of expending something, especially funds.

Similarly, if heavy public expenditure is made on the construction of film studios, cinema houses, hotels and bars, rather than on the construction of roads, and other means of transport and communication, public expenditure creates unfavorable effect on ability to work, save and invest. In a statement, the department of public expenditure said the delay issue had been resolved through the implementation of the government order and pay restoration on april 1. This is the british english definition of public expenditure. As for public expenditure, the current expenses constituted the bulk expenditure with ro6.

Public expenditure definition and meaning collins english dictionary. Pem differs from conventional budgeting cb in a number of ways. Keynesians believe consumer demand is the primary driving force in an economy. In democracy, public expenditure is an expression of peoples will, managed through political parties and institutions. Public expenditure refers to the expenditure incurred by the central government. Definition of public expenditure in the dictionary. Public sector, governance, and accountability series includes bibliographical references and index. Social expenditure is the provision by public and private institutions of benefits to, and financial contributions targeted at, households and individuals in order to provide support during circumstances which adversely affect their welfare, provided that the provision of the benefits and financial contributions constitutes neither a direct payment for a particular good or. Public expenditure definition of public expenditure by. Public finance, according to the traditional definition of the subject, is that branch of economics which deals with, the income and expenditure of a government. A cpe is a statutorily recognized medicaid financing approach by which a governmental entity, including a governmental provider e. Public expenditure is spending made by the government of a country on collective needs and. Public expenditure definition in the cambridge english.

The classical economists did not analyse in depth the effects of public expenditure, for public expenditure throughout the nineteenth. This paper presents a framework for evaluating the level and composition of public expenditures, illustrated by sectoral and country examples. Search public expenditure and thousands of other words in english definition and synonym dictionary from reverso. Public expenditure article about public expenditure by.

Meaning, definition, classification, types, and principles. Revenue expenditure are current or consumption expenditures incurred on civil administration, defence forces, public health and education, maintenance of government machinery. Government expenditure is an important component of aggregate demand in the circular flow of income expenditure. Add public expenditure to one of your lists below, or. Expenditure definition is the act or process of expending.

A quarterly publication, the governance unit strategy and policy department asian development bank issue 12001 i s public expenditure management pem just another term for budgeting in the public sector. Clear explanations of natural written and spoken english. Keynesian economics is a theory that says the government should increase demand to boost growth. A per typically analyzes government expenditures over a period of years to assess their consistency with policy priorities, and what results were achieved. Government expenditure is financed by taxation and by borrowing see public sector borrowing requirement.