PUBLIC EXPENDITURE AND REVENUE

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PUBLIC EXPENDITURE

  • PUBLIC EXPENDITURE is the expenditure incurred by public authorities - Central, State and Local government - either for the satisfaction of collective needs of the citizens or for promoting their economic and social welfare. 

                                       PUBLIC REVENUE 
  •  PUBLIC REVENUE   would includes taxes, income from currency, market borrowing, sale of public assets, income from public undertakings, fees, gifts and donation, etc.