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Outline the importance of public expenditure.

Outline the importance of public expenditure.

Answers

Judy
To promote rapid economic development.
To promote trade and commerce.
To promote rural development
To promote balanced regional growth
To develop agricultural and industrial sectors
To build socio-economic overheads eg. roadways, railways, power etc.
To exploit and develop mineral resources like coal and oil.
To provide collective wants and maximise social welfare.
To promote full - employment and maintain price stability.
To ensure an equitable distribution of income
Thus public expenditure has to create and maintain conditions conducive to economic development. It has to improve the climate for investment. It should provide incentives to save, invest and innovate.
Judiesiz answered the question on August 22, 2018 at 18:42

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