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public expenditure
Public expenditure is spending made by the government of a country on collective needs and wants such as pension, provision, infrastructure, etc. Until the 19th century, public expenditure was limited as laissez faire philosophies believed that money left in private hands could bring better returns. In the 20th century, John Maynard Keynes argued the role of public expenditure in determining levels of income and distribution in the economy. Since then government expenditures has shown an increasing trend.
In the 17th and the 18th century Public Expenditure was considered as a wastage of money.Thinkers said Government should stay with their traditional functions of spending on defence and maintaining law and order.
==Theories of public expenditure==
(詳細はpublic economics. Governments at all levels (national, regional and local) need to raise revenue from a variety of sources to finance public-sector expenditures. The details of taxation are guided by two principles: who will benefit, and who can pay.PUBLIC expenditure means the expenditure on the developmental and non-developmetal activity such as construction of road way , construction of dam and other activity.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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