How many types of public expenditure are there?

(1) Developmental work; (2) Rise in price level; (3) Increase in population; (4) Rise in democracy; (5) Greater expenditure on internal and external security; (6) Expenditure on war; (7) Welfare state; (8) Urbanization; (9) Growth of public sector; and (10) Economic aid to private sector.

What are the three types of expenditure?

Types of expenditures
  • Capital expenditure. A company incurs a capital expenditure when it buys an asset that has a life of more than one year (non-current asset). …
  • Revenue expenditure. This type of expenditure refers to when a company spends money on a short-term benefit (less than one year). …
  • Deferred revenue.

WHO classified public expenditure on the basis of functions?

Adam Smith classified public expenditure on the basis of functions of government in the following main groups: a) Protection Functions: This group includes public expenditure incurred on the security of the citizens, to protect from external invasion and internal disorder, e.g., defence, police, courts etc.

What is functional classification of government expenditure?

The Classification of the Functions of Government (COFOG) classifies government expenditure into ten main categories (divisions known as the ‘COFOG I level’ breakdown): general public services; defence; public order and safety; economic affairs; environmental protection; housing and community affairs; health; …

What are the classifications of the expenditure account in a government budget?

Classification of Expenditure: Government expenditure can be broadly classified into four categories: (i) Functional Classification or Budget Classification (ii) Economic Classification (iii) Cross Classification and (iv) Accounting Classification.

WHO has classified the public expenditure as per the benefit?

In the 20th century, John Maynard Keynes argued the role of public expenditure in determining levels of income and distribution in the economy.

What are the classification of public revenue?

In a modern welfare state, public revenue is of two types, tax revenue and non-tax revenue.

What are the three major ways of public expenditure?

three major components: spending by government, private investment spending, and spending by consumers.

What are the three major ways of public expenditure?

three major components: spending by government, private investment spending, and spending by consumers.

What are the classification of public revenue?

In a modern welfare state, public revenue is of two types, tax revenue and non-tax revenue.

What is Dalton classification on public expenditure?

Dalton classifies public expenditure into two categories – grants and purchase price. When the state incurs expenditure and does not get any commodity or service in return, the expenditure is classified as a grant. For example, expenditure on poor relief, payments of old age social insurance etc.

Which is not type of public expenditure?

Answer: All the private hospitals ,schools ,buildings ,malls and all those things which are owned by private companies are not the type of public expenditures.

What is the meaning of public expenditure?

Definition. Public expenditure is expenditure made by the State, social security administrations, local authorities and the administrations and bodies attached to them.

What is primary classification of government revenue?

They include mainly wages, extra wages, welfare funds, pension for the retirees, stipend, expenses for official business, expenses for equipment purchases, expenses for repairs, business expenses and subsidies to the units which are unable to support their expenditures by their own earnings.