Definitions from the Web
Term: Public Expenditure
Description:
Public expenditure refers to the financial resources that the government or public sector allocates for the provision of public goods and services. It encompasses various areas such as education, healthcare, infrastructure development, defense, and social welfare programs. Public expenditure plays a crucial role in the overall economic development and well-being of a country.
Sample Sentences:
- The government's public expenditure on healthcare has significantly improved access to quality medical services.
- Increasing public expenditure in education is vital to ensure the future prosperity of our nation.
- The public expenditure allocated for the construction of new roads will greatly enhance transportation infrastructure.
- Efficient management of public expenditure is essential to ensure optimum utilization of resources.
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