Urban Fiscal Policy
Capital expenditures, often abbreviated as CapEx, are funds used by municipalities or local governments to acquire, upgrade, and maintain physical assets such as infrastructure, buildings, and equipment. These expenditures are vital for maintaining and improving a city's facilities and services, and they often require significant planning and budgeting due to their long-term impact on fiscal health and local autonomy.
congrats on reading the definition of Capital Expenditures. now let's actually learn it.