expenditure and ho
Explain the meaning of public expenditure and how it does expand state functions and its activities.
Reasons for India's rising govt expenditures include:
(i) Development Programs: The majority of developing nations have begun different economic development programs, such as the supply of economic infrastructures such as transportation, communication, and power.
(ii) Urbanization's Growing Trend: In recent times, public spending has risen in tandem with the development of urbanization. Government spending on civil administration, education, public health, water supply, parks, and other areas has increased as a result of urbanization.
(iii) Price-level Increase: As a result of the price-level increase, public spending has increased everywhere. The reason for this is that, like private persons, the government must purchase products and services at greater costs from the market.
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