Urban Fiscal Policy
Public expenditure refers to the amount of money spent by government entities on various programs, services, and infrastructure for the benefit of citizens. It plays a crucial role in the economy as it is used to provide public goods and services that are essential for societal welfare, such as education, healthcare, and transportation. Understanding public expenditure is vital for analyzing how resources are allocated in society and its implications on economic growth and equity.
congrats on reading the definition of Public Expenditure. now let's actually learn it.